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    113 Ball Dr Lincoln, IL 62656

    For Sale
    Contact for pricing

    0.95 Acres, I-55 Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This 0.95-acre commercial land parcel in Lincoln, Illinois, presents a unique investment opportunity. Located in the Illinois Enterprise Zone, it offers attractive development incentives. The property boasts exceptional visibility from Interstate 55, situated at the first stoplight intersection off the northbound exit ramp (#126). Its strategic location is further enhanced by its adjacency to a recently constructed Starbucks, ensuring high traffic and brand recognition. The property's APN is 12-027-005-31, and it is zoned for industrial use. This prime location offers significant potential for various commercial developments, benefiting from the high visibility and convenient access to the interstate. The land is privately owned and is being offered for sale directly by the owner. This is a rare chance to acquire a highly visible and strategically located parcel in a thriving area with significant development potential within the Illinois Enterprise Zone. The property's size and location make it ideal for a variety of commercial uses, capitalizing on the high traffic volume generated by the interstate and the nearby Starbucks. Serious inquiries are encouraged.

    Property Features for 113 Ball Dr

    General Information

    Property type
    Land
    Lot Size
    41,382 SF

    HighLights

    • Illinois Enterprise Zone location with development incentives.
    • High‑visibility corner lot at I‑55's first northbound exit.
    • Excellent interstate visibility.
    • Adjacent to Starbucks.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lincoln
    County
    Logan
    State
    Illinois
    Longitude
    -89.415969459133
    Latitude
    40.157234852936

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    FAQs

    What type of property is this?
    Land - 0.95 Acres, I-55 Visibility
    Where is this land located?
    The property is located at 113 Ball Dr Lincoln, IL.
    What are key features of this property?
    This property features: Illinois Enterprise Zone location with development incentives.; High-visibility corner lot at I-55's first northbound exit.; Excellent interstate visibility.
    Request Owner's contact information
    113 Ball Dr Lincoln, IL 62656
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    113 Ball Dr Lincoln, IL 62656
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