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    2060 County Road 2450 Grayville, IL 62844

    Sponsored
    For Lease
    Contact for pricing

    High-visibility commercial land, I-64 access.

    Lot size:
    43,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional commercial land parcel presents a unique development opportunity along Interstate 64 in Grayville, Illinois. Located at 2060 County Rd 2450 N, this high-visibility site boasts convenient access to I-64, just one mile west of the Indiana state line at exit 130. The property sits on the corner of Illinois Highway 1 and County Road 2450 N, offering unparalleled exposure to a significant volume of traffic. The site is zoned N/A and its APN is 0529200011 in White County, Illinois. This prime location is situated within a thriving retail and consumer services area, attracting a diverse clientele including outdoor enthusiasts and industrial trades personnel serving the region's industrial and power-generating sectors. The property is available for ground lease or build-to-suit arrangements, providing flexibility for various development plans. The address is 2060 County Rd 2450 N, Grayville, IL 62844. This is a single-tenancy property ideal for businesses seeking high visibility and convenient access to a major interstate highway. The property's strategic location and high traffic count make it an attractive investment for developers seeking to capitalize on the area's growth potential. Serious inquiries are encouraged.

    Property Features for 2060 County Road 2450

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,560 SF

    Unit(s) available at that property

    Space
    Size
    43,560 SF

    HighLights

    • High‑visibility location on I‑64, one mile west of the Indiana border.
    • Excellent adjacency to a Super 8 motel, restaurant, and gaming venue.
    • Prime site for a small retail center or 24‑hour restaurant catering to travelers.
    • Build‑to‑suit opportunities available for qualified tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Super 8 by ... Hotel

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Hotel & Motel Food Market Grocery Store Bar & Pub Smoke and Vape Shop Italian Restaurant Butcher

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

    Location Insight

    • Map
    • Local Demand
    City
    Grayville
    County
    White
    State
    Illinois
    Longitude
    -87.9983495
    Latitude
    38.2384871

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    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Land - High-visibility commercial land, I-64 access.
    Where is this land located?
    The property is located at 2060 County Road 2450 Grayville, IL.
    What are key features of this property?
    This property features: High-visibility location on I-64, one mile west of the Indiana border.; Excellent adjacency to a Super 8 motel, restaurant, and gaming venue.; Prime site for a small retail center or 24-hour restaurant catering to travelers.
    Request Owner's contact information
    2060 County Road 2450 Grayville, IL 62844
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    Grayville, IL 62844
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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
    2060 County Road 2450 Grayville, IL 62844
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