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    900 Strong St Spring Valley, IL 61362

    For Sale
    $1,671,250

    Prime Illinois farmland, industrial zoning, residential potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 47.75-acre property located at 900 N Strong St, Spring Valley, IL 61362 (APN 1834126001), presents a unique investment opportunity. Offered at $1,671,250 fee simple, the land boasts diverse zoning designations, including Industrial, Residential (R1), and Agricultural (AG), allowing for a variety of development possibilities. The parcel's zoning allows for flexibility in project planning, catering to various needs. City water and sewer services are readily available, simplifying infrastructure development. The property benefits from its strategic location, just three miles from Highway 80, ensuring convenient access to major transportation routes. Furthermore, its proximity to a proposed senior assisted living development and its location within walking distance of John F. Kennedy Grade School and St. Anthony Church adds significant value and potential for synergistic development. The property is also situated within a Tax Increment Financing (TIF) district, potentially offering attractive financial incentives. This versatile land parcel offers a compelling investment opportunity for developers seeking a strategic location with diverse zoning and excellent infrastructure access in a thriving community. The unique blend of agricultural, commercial, and industrial zoning makes this a truly exceptional offering.

    Property Features for 900 Strong St

    General Information

    Property type
    Farms
    Lot Size
    2,079,990 SF

    HighLights

    • City water and sewer available.
    • Industrially zoned, with potential for residential zoning.
    • Tax Increment Financing (TIF) district.
    • Three miles from Highway 80.
    • Adjacent to a planned senior assisted living facility.
    • Walking distance to John F. Kennedy Grade School and St. Anthony Church.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Spring Valley
    County
    Bureau
    State
    Illinois
    Longitude
    -89.2089094
    Latitude
    41.3326221

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    FAQs

    What type of property is this?
    Farm - Prime Illinois farmland, industrial zoning, residential potential.
    Where is this farm located?
    The property is located at 900 Strong St Spring Valley, IL.
    What is the asking price?
    The asking price for this property is $1,671,250.
    What are key features of this property?
    This property features: City water and sewer available.; Industrially zoned, with potential for residential zoning.; Tax Increment Financing (TIF) district.
    Request Owner's contact information
    900 Strong St Spring Valley, IL 61362
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    Spring Valley, IL 61362
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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
    900 Strong St Spring Valley, IL 61362
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