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    Main St Kewanee, IL 61443

    Sponsored
    For Sale
    $85,900

    Prime .79-acre commercial lot, ideal for redevelopment.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional .79-acre commercial lot, located at 0 N Main Street in Kewanee, Illinois, presents a unique redevelopment opportunity. Previously occupied by a retail structure that has since been demolished, the property offers a clean slate for a variety of commercial ventures. The lot boasts dimensions of approximately 52.55x90.28x48.86x150 feet, providing ample space for new construction. The site is zoned B-1, allowing for a range of commercial uses. While a basement existed on the property previously, it has been filled in. This property is situated in Henry County, Illinois, with the convenient zip code of 61443. Its strategic location on N Main Street offers excellent visibility and accessibility. Priced aggressively at $85,900, this lot represents a compelling investment opportunity for developers and entrepreneurs seeking a prime location in Kewanee to build their next project. The property's size and zoning make it suitable for a variety of commercial uses, promising a strong return on investment. Don't miss this chance to acquire this ready-to-develop commercial land in a thriving Illinois community.

    Property Features for 0 Main St

    General Information

    Property type
    Land
    Lot Size
    34,412 SF

    HighLights

    • 0.79‑acre commercial lot in Kewanee, IL, ready for redevelopment.
    • Demolished retail structure site, offering a clean slate.
    • Dimensions approximately 52.55x90.28x48.86x150 feet.
    • B‑1 zoning allows for various commercial uses.
    • Located on N Main Street, Kewanee, IL 61443, offering high visibility.
    • Priced at $85,900.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Kewanee
    County
    Henry
    State
    Illinois
    Longitude
    -89.9247787
    Latitude
    41.2549194

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    FAQs

    What type of property is this?
    Land - Prime .79-acre commercial lot, ideal for redevelopment.
    Where is this land located?
    The property is located at Main St Kewanee, IL.
    What is the asking price?
    The asking price for this property is $85,900.
    What are key features of this property?
    This property features: 0.79-acre commercial lot in Kewanee, IL, ready for redevelopment.; Demolished retail structure site, offering a clean slate.; Dimensions approximately 52.55x90.28x48.86x150 feet.
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    Main St Kewanee, IL 61443
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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
    Main St Kewanee, IL 61443
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