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    737 Il Rte 34 Hwy Herod, IL 62947

    Sponsored
    For Sale
    $275,000

    Six-building commercial property, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land opportunity in Herod, Illinois, presents a unique investment prospect. Located at 737 & 739 IL Route 34 N Highway, this property boasts six existing buildings, offering significant potential for expansion and diversification. The asking price is $275,000. The property's strategic location near the Garden of the Gods and surrounding attractions makes it ideally suited for a variety of commercial ventures. Current features include a convenience store, a small deli area equipped with pizza ovens, an oven, cooler, and ice cream freezer. There's also space for a sandwich/salad shop, creating a welcoming atmosphere for visitors and locals alike. The multiple buildings provide ample room for expansion, allowing for the development of additional businesses or residential units. This property offers a rare chance to establish a thriving business in a picturesque setting, capitalizing on the existing infrastructure and high tourist traffic. The property is zoned for commercial use and is situated in Hardin County, Illinois, with a zip code of 62947. The property's latitude and longitude coordinates are 37.563584 and -88.40946, respectively. This is a turnkey opportunity to own and operate a successful business in a desirable location.

    Property Features for 737 Il Rte 34 Hwy

    General Information

    Property type
    Land

    Building Details

    Buildings
    6

    HighLights

    • $275,000 asking price for commercial land.
    • Located at 737 & 739 IL Route 34 N Highway, Herod, IL 62947.
    • Six existing buildings on the property.
    • Commercial land suitable for expansion; current uses include convenience store, deli, and pizza oven.
    • Attractive location for visitors to Garden of the Gods.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Herod
    County
    Hardin
    State
    Illinois
    Longitude
    -88.40946
    Latitude
    37.563584

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - Six-building commercial property, prime location.
    Where is this land located?
    The property is located at 737 Il Rte 34 Hwy Herod, IL.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: $275,000 asking price for commercial land.; Located at 737 & 739 IL Route 34 N Highway, Herod, IL 62947.; Six existing buildings on the property.
    Request Owner's contact information
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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

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    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
    737 Il Rte 34 Hwy Herod, IL 62947
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