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    350 Us-20 Cherry Valley, IL 61016

    Sponsored
    For Sale
    $3,049,200

    Highway frontage, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 20-acre commercial property, located at 350 US-20 in Cherry Valley, Illinois (zip code 61016), presents a remarkable investment and development opportunity. Boone County zoning designates this land as Commercial, Farm, and Industrial, offering considerable flexibility for various uses. The property boasts over 2,100 feet of frontage along the heavily trafficked US-20 Highway, ensuring high visibility and accessibility. Its strategic location is approximately 2.5 miles west of the Chrysler Assembly Plant and just 1 mile east of the I-90/I-39 and I-39/US 20 interchanges, providing convenient access to major transportation routes. Further enhancing its appeal, fiber optics are available directly at the property, making it particularly suitable for data centers or other high-tech businesses. Utilities such as sewer and water are readily accessible nearby. The Union Pacific Railroad runs along the entire northern border of the property, offering additional logistical advantages. The seller is willing to consider dividing the land, making it an attractive option for both large-scale and smaller development projects. This property is priced at $3,049,200.

    Property Features for 350 Us-20

    General Information

    Property type
    Farms
    Lot Size
    871,200 SF

    HighLights

    • $3,049,200 asking price for 20 acres of commercially zoned land.
    • Located in Cherry Valley, IL, on US‑20 with 2,100+ feet of highway frontage.
    • Ideal for office, industrial, or data center development; fiber optics available.
    • Conveniently located near I‑90/I‑39 and I‑39/US 20 interchanges and Chrysler Assembly Plant.
    • Sewer and water are nearby; divisible parcels available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Cherry Valley
    County
    Boone
    State
    Illinois
    Longitude
    -88.937500815375
    Latitude
    42.23790882155

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Farm - Highway frontage, ideal for development.
    Where is this farm located?
    The property is located at 350 Us-20 Cherry Valley, IL.
    What is the asking price?
    The asking price for this property is $3,049,200.
    What are key features of this property?
    This property features: $3,049,200 asking price for 20 acres of commercially zoned land.; Located in Cherry Valley, IL, on US-20 with 2,100+ feet of highway frontage.; Ideal for office, industrial, or data center development; fiber optics available.
    Request Owner's contact information
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    Cherry Valley, IL 61016
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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
    350 Us-20 Cherry Valley, IL 61016
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