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    46 Us-20 Cherry Valley, IL 61016

    For Sale
    $2,440,000

    Prime agricultural, commercial, & industrial land.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 142-acre property in Boone County, Illinois, presents a unique investment opportunity. Located at 46 US-20, Cherry Valley, IL 61016, this land is zoned CG (Commercial General) and offers diverse development potential. Ideal uses include solar farm development, battery energy storage systems (BESS), data centers, cannabis cultivation, traditional farming, hunting preserves, retreats, or even a cemetery. The property's strategic location adjacent to a forest preserve and a planned solar farm development enhances its value. Existing infrastructure includes nearby fiber optics, sewer, and water access. A railroad bisects the property, providing convenient transportation options. Note that a house located on the property is under separate contract. Annual property taxes are $12,729.62. The property is served by Grade School District 100. This versatile land parcel offers significant upside for a wide range of investors and developers. Serious inquiries only.

    Property Features for 46 Us-20

    General Information

    Property type
    Farms
    Lot Size
    6,185,520 SF

    HighLights

    • Type: 142‑acre land parcel.
    • Lot Size: 142 acres.
    • Annual Property Taxes: $12,729.62.
    • School District: Grade School District 100.
    • County: Boone County, Illinois.
    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

    Nearby Comparable

    • $3,049,200
      20.00 Acres

      Prime 20-Acre Commercial Land in IL

      Highway frontage, ideal for development.
      350 Us-20, Cherry Valley, IL 61016
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    • $279,000

      Spacious Duplex in Cherry Valley

      Two-unit property with versatile layouts and classic downtown character.
      739 Elgin St, Cherry Valley, IL 61016
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    • $499,900

      Rockford Farmette with Commercial Potential

      Versatile land with irrigation, home, and business opportunities.
      7879 Newburg Rd, Rockford, IL 61108
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    • $388,210

      Land Near Hurricane Harbor

      Land available next to Hurricane Harbor Rockford.
      1918 S Bell School Rd, Cherry Valley, IL 61016
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    Nearby Similar for Sale

    • $279,000

      Spacious Duplex in Cherry Valley

      Two-unit property with versatile layouts and classic downtown character.
      739 Elgin St, Cherry Valley, IL 61016
      View Details

    FAQs

    What type of property is this?
    Farm - Prime agricultural, commercial, & industrial land.
    Where is this farm located?
    The property is located at 46 Us-20 Cherry Valley, IL.
    What is the asking price?
    The asking price for this property is $2,440,000.
    What are key features of this property?
    This property features: Type: 142-acre land parcel.; Lot Size: 142 acres.; Annual Property Taxes: $12,729.62.
    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

    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
    46 Us-20 Cherry Valley, IL 61016
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