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    521 Vine St Vienna, IL 62995

    Sponsored
    For Sale
    $299,000

    8 Acres, Hwy 146, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial property, located at 521 E Vine Street in Vienna, Illinois, presents a fantastic investment opportunity. The 8-acre lot, totaling 348,480 square feet, boasts a high-traffic count and excellent visibility due to its strategic location on Highway 146, just half a mile from the I-24 interchange. The property includes a single building constructed in 1949, offering potential for immediate use as a storefront or office space. The existing structure features slate siding. This versatile property is ideal for a wide range of commercial ventures, benefiting from its prominent location and significant acreage. The asking price is $299,000. The property is situated in Johnson County, Illinois, zip code 62995, and offers substantial potential for growth and development. Detailed disclosures are available upon request. This is a rare opportunity to acquire a substantial commercial parcel in a high-traffic area with significant development potential. Don't miss out on this chance to establish your business in a prime location.

    Property Features for 521 Vine St

    General Information

    Property type
    Land

    Building Details

    Year Built
    1949
    Buildings
    1

    HighLights

    • $299,000 asking price.
    • 8‑acre commercial land parcel.
    • Located in Vienna, IL, at 521 E Vine Street.
    • Includes a 1949‑built building.
    • High traffic count and excellent visibility due to Hwy 146 location and proximity to I‑24.
    • 348,480 square foot lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Vienna
    County
    Johnson
    State
    Illinois
    Longitude
    -88.8807176
    Latitude
    37.4161015

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - 8 Acres, Hwy 146, High Traffic
    Where is this land located?
    The property is located at 521 Vine St Vienna, IL.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: $299,000 asking price.; 8-acre commercial land parcel.; Located in Vienna, IL, at 521 E Vine Street.
    Request Owner's contact information
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    Vienna, IL 62995
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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
    521 Vine St Vienna, IL 62995
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