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    1600 Fayette Ave Effingham, IL 62401

    Sponsored
    For Sale
    $1,200,000

    3.83-acre commercial lot, prime I-57 location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.83-acre commercial land parcel presents a unique investment opportunity in Effingham, Illinois. Ideally situated on 1600 W Fayette Ave, this property boasts unparalleled visibility and accessibility, directly benefiting from its proximity to the I-57/70 corridor at Exit 159. The site is zoned B-2, offering flexibility for a variety of commercial developments. Its strategic location places it within a half-mile radius of the proposed Effingham Showcase Center Sports Complex, ensuring high potential for future growth and increased traffic. The property's adjacency to established businesses, including Ramada by Wyndham, Holiday Inn Express, Phillips 66, Culver's, and Hardee's, further enhances its desirability. High traffic counts are a significant advantage, with over 43,000 average daily vehicles and 21,200 average daily trucks on I-57/70, and over 12,000 on Fayette Ave. The property benefits from its location within an Enterprise Zone, Triangle Business District, and Opportunity Zone, offering potential tax advantages. Infrastructure is well-established, with Ameren 3-phase power available on three sides (Circuit 566). Due diligence is simplified by the availability of an EPA Phase I environmental assessment and a 2024 title commitment. This property is offered for sale, lease, or as a build-to-suit project, catering to diverse development needs. The APN is 0311019020, and the ownership is fee simple.

    Property Features for 1600 Fayette Ave

    General Information

    Property type
    Land
    Lot Size
    166,835 SF

    HighLights

    • High‑traffic location with custom parcel options.
    • Available for sale, lease, or build‑to‑suit.
    • Phase I ESA completed, 2024 title commitment available.
    • Three‑phase Ameren power on three sides.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Effingham
    County
    Effingham
    State
    Illinois
    Longitude
    -88.563513
    Latitude
    39.121757

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    FAQs

    What type of property is this?
    Land - 3.83-acre commercial lot, prime I-57 location.
    Where is this land located?
    The property is located at 1600 Fayette Ave Effingham, IL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: High-traffic location with custom parcel options.; Available for sale, lease, or build-to-suit.; Phase I ESA completed, 2024 title commitment available.
    (217) 774-5596
    Request Owner's contact information
    1600 Fayette Ave Effingham, IL 62401
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    Effingham, IL 62401
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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
    1600 Fayette Ave Effingham, IL 62401
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