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    18845 Il-54 De Witt, IL 61735

    For Sale
    $159,000

    High-traffic location, two buildings, 2 acres

    Property size:
    1,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Exceptional investment opportunity in DeWitt, IL, featuring a vacant 1,200-2,300 square foot retail storefront previously operating as Ol' Joe's Bait and Tackle Shop. This mixed-use property, situated on approximately two acres of land along high-traffic IL-54, offers significant potential for a variety of businesses. The main building, constructed in 2012, boasts a spacious 30x40 foot open floor plan, ideal for customization. An additional building of approximately 2,300 square feet provides ample extra space. The property's convenient location near Clinton Lake and surrounding towns ensures high visibility and accessibility. Utilities are already in place. APN: 09-18-479-001. Asking price: $159,000.

    Property Features for 18845 Il-54

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,200 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    De Witt
    County
    De Witt
    State
    Illinois
    Longitude
    -88.785179631551
    Latitude
    40.189504393512

    Nearby Comparable

    • $159,000
      1,200 SF

      Highway Retail Opportunity on 2 Acres

      Retail property with development potential near Clinton Lake.
      18843 Il Rte, De Witt, IL
      View Details
    • $159,000
      1,200 SF

      Highway Frontage Retail Opportunity

      Retail property with highway frontage and development potential.
      18845 Illinois 54, De Witt, IL 61735
      View Details
    • $149,900
      1.75 Acres

      Commercial Land Ready for Development

      1.75 acres of commercial land near interstate with highway frontage.
      940 Clinton Ave, Farmer City, IL 61842
      View Details

    Nearby Similar for Sale

    • $159,000
      1,200 SF

      Highway Frontage Retail Opportunity

      Retail property with highway frontage and development potential.
      18845 Illinois 54, De Witt, IL 61735
      View Details
    • $159,000
      1,200 SF

      Highway Retail Opportunity on 2 Acres

      Retail property with development potential near Clinton Lake.
      18843 Il Rte, De Witt, IL
      View Details

    FAQs

    What type of property is this?
    Individual retail property - High-traffic location, two buildings, 2 acres
    Where is this individual retail property located?
    The property is located at 18845 Il-54 De Witt, IL.
    What is the asking price?
    The asking price for this property is $159,000.
    Request Owner's contact information
    18845 Il-54 De Witt, IL 61735
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    De Witt, IL 61735
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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
    18845 Il-54 De Witt, IL 61735
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