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    I-72 Rte 4 Barry, IL 62312

    Sponsored
    For Sale
    $595,000

    Prime Illinois Commercial Land, $595,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 25.46-acre commercial land parcel presents a unique investment opportunity in Barry, Illinois. Strategically located immediately adjacent to I-72 Exit 20 in western Pike County, this property boasts significant frontage along both I-72 and a county road. The gently rolling terrain offers excellent visibility and accessibility. The site benefits from the presence of all utilities except gas. This location is particularly attractive due to its proximity to Barry, Illinois, situated directly across I-72. The seller, a regional electric provider, is keen to facilitate additional power supply and job creation in the area. Further enhancing its appeal, this property is situated within both a Tax Increment Financing (TIF) district and an Enterprise Zone, indicating a supportive local government actively promoting economic development. The Barry city officials are known for their proactive and forward-thinking approach to business development. The property's APN is 46-027-07c and 46-027-07e. The asking price is $595,000, translating to approximately $23,370 per acre. The permitted zoning is B-2 Highway Business, allowing for a wide range of commercial uses. This is a rare opportunity to acquire a substantial, well-located commercial land parcel with significant development potential.

    Property Features for I-72 Rte 4

    General Information

    Property type
    Land
    Lot Size
    546,678 SF

    HighLights

    • 25.46‑acre commercial land parcel in Barry, IL.
    • Prime I‑72 (Exit 20) location with excellent visibility and road frontage.
    • All utilities available except gas; seller will assist with power upgrades.
    • Located in a TIF district and Enterprise Zone, offering tax incentives.
    • B‑2 Highway Business zoning allows diverse commercial uses.
    • Asking price: $595,000 ($23,370/acre).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Barry
    County
    Pike
    State
    Illinois
    Longitude
    -91.0171777
    Latitude
    39.6947504

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - Prime Illinois Commercial Land, $595,000
    Where is this land located?
    The property is located at I-72 Rte 4 Barry, IL.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: 25.46-acre commercial land parcel in Barry, IL.; Prime I-72 (Exit 20) location with excellent visibility and road frontage.; All utilities available except gas; seller will assist with power upgrades.
    (618) 610-1632
    Request Owner's contact information
    I-72 Rte 4 Barry, IL 62312
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    Barry, IL 62312
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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
    I-72 Rte 4 Barry, IL 62312
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