Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Corner Lot in Stonehill Park Title is generated by Realmo AI

    94 Templeton Drive, Oswego, IL 60543

    View on Map
    Claim this Listing
    For Sale
    $295,000

    Turnkey industrial land with development plans in Oswego, Illinois.

    Type:Land or Vacant Lot
    Lot size:
    1.19 Acres
    Added:
    Oct 21, 2023
    Days on Market:
    959
    Last Refresh:
    Apr 5 at 10:09 pm

    Property Features for 94 Templeton Drive

    General Information

    Standard status
    Active
    Lot size
    1.19 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    MARIE SIMANDL
    MARIE SIMANDL

    Listing agent MARIE SIMANDL License #475154032

    Listing office PLATINUM PARTNERS REALTORS

    Listing date Oct 21, 2023

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of PLATINUM PARTNERS REALTORS

    HighLights

    • Turn‑key land purchase with complete development engineering plans included.
    • $40K value of engineering plans already paid for by the seller.
    • Soil testing completed.
    • Zoned industrial for multiple uses (building/material storage, trucking, mechanics, car repair).
    • Corner lot with high exposure in Stonehill Industrial Park.
    • Fenced on the west side of the property.

    Overview

    This corner lot, situated in Stonehill Industrial Park, offers significant exposure. The property is a turnkey land purchase, with the seller having invested $40,000 in comprehensive engineering plans for its complete development. Soil testing has been completed, and all plans will be provided to the buyer and convey with the sale. Zoned industrial, the property accommodates multiple uses, including building and material storage, trucking, a mechanics facility, and car repair. The west side of the property is fenced, presenting a development opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oswego
    County
    Kendall
    State
    Illinois
    Longitude
    -88.3371
    Latitude
    41.6729

    Nearby Similar for Sale

    • $1,275,000
      6,000 SF

      Single-Tenant Dental Office Investment

      All-brick, well-maintained dental office with long-term tenant in place and a favorable NNN expense structure.
      1991 Wiesbrook Road, Oswego, IL 60543
      View Details
    • $1,595,000

      Oswego Commercial Land Parcel

      5.43 acre commercial land parcel in downtown Oswego, Illinois.
      5.43 B-3 Commercial Acres State Route 31, Oswego, IL 60543
      View Details
    • $400,000

      Oswego Commercial Land Available

      One acre commercial land for sale in Oswego, Illinois.
      99 W Merchants Drive, Oswego, IL 60543
      View Details
    • $1,650,000
      4,904 SF

      Automotive Service Hub on Merchants

      High-traffic auto repair and oil lube center for sale.
      18 W Merchants Drive, Oswego, IL 60543
      View Details
    • $1,300,000

      Oswego Commercial Land For Sale

      Commercial land available in Oswego, Illinois.
      11 S Madison Street, Oswego, IL 60543
      View Details
    • $99,000

      Residential Land in Oswego, IL

      Residential land available in Oswego, Illinois.
      17 E Lyncliff Drive, Oswego, IL 60543
      View Details
    • $1,299,000

      Oswego Commercial Lots For Sale

      Two commercial lots totaling 0.77 acres in Oswego, Illinois.
      270-280 E Washington St, Oswego, IL 60543
      View Details
    • $5,349,000
      19,110 SF

      Modern Leased Investment Property

      Modern, 100% leased, multi-tenant investment property in downtown Oswego.
      113 Main St, Oswego, IL 60543
      View Details
    • $159,000

      Fox Riverfront Land Opportunity

      0.68 acre lot with 225 feet of river frontage.
      123 W Benton Street, Oswego, IL 60543
      View Details
    • $1,250,000

      Retail Site on Wolf's Crossing

      Retail site suitable for gas station, car wash, or development.
      10140 S Eola Rd, Oswego, IL 60543
      View Details
    • $98,000

      Wooded Acre Lot on Route

      A one-acre wooded lot fronting Route 31 in Oswego, Illinois.
      1415 Route 31, Oswego, IL 60543
      View Details
    • $1,700,000

      Oswego Land For Sale

      10.09 acre commercial land available in Oswego, Illinois.
      RIVERWOOD Drive, Oswego, IL 60543
      View Details

    FAQs

    What type of property is this?
    Industrial land - Turnkey industrial land with development plans in Oswego, Illinois.
    Where is this industrial land located?
    The property is located at 94 Templeton Drive Oswego, IL.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Turn‑key land purchase with complete development engineering plans included.; $40K value of engineering plans already paid for by the seller.; Soil testing completed.
    (630) 435-3500
    We can help!
    Listing Contact
    MARIE SIMANDL
    MARIE SIMANDL
    Real Estate License ID: 475154032
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    94 Templeton Drive, Oswego, IL 60543
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!