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    405 Sycamore Rd Genoa, IL 60135

    Sponsored
    For Sale
    Contact for pricing

    Prime commercial lot, ready for development. Excellent location & access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2.64-acre commercial land parcel presents a remarkable opportunity for development in Genoa, Illinois. Conveniently situated on Sycamore Road (Rt. 23), the property boasts easy access and high visibility. Zoned SC-Suburban Commercial within the City of Genoa, this site is ideally suited for a variety of commercial uses. The property includes two parcels, with PINs 03-29-300-023 and 03-30-400-023, and benefits from existing utilities. Access is available from both Sycamore Road and S. Hadsall Street, providing multiple ingress/egress points. The property is located within the DeKalb County Enterprise Zone, potentially offering economic incentives. 2021 taxes (payable 2022) totaled $7,739.44 for one parcel and $4,014.48 for the other. The sale price is subject to offer. This is a truly exceptional opportunity to acquire a well-positioned commercial site in a thriving community. Don't miss out on this chance to build your vision.

    Property Features for 405 Sycamore Rd

    General Information

    Property type
    Land
    Lot Size
    114,998 SF

    HighLights

    • 2.64± Acre Commercial Lot in Genoa, IL
    • Existing Utilities
    • PINs: 03‑29‑300‑023 & 03‑30‑400‑023
    • SC‑Suburban Commercial Zoning
    • Located in DeKalb County Enterprise Zone
    • Dual Ingress/Egress from Sycamore Road (Rt. 23) & S. Hadsall Street
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Genoa
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.685208
    Latitude
    42.0877539

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    FAQs

    What type of property is this?
    Land - Prime commercial lot, ready for development. Excellent location & access.
    Where is this land located?
    The property is located at 405 Sycamore Rd Genoa, IL.
    What are key features of this property?
    This property features: 2.64± Acre Commercial Lot in Genoa, IL; Existing Utilities; PINs: 03-29-300-023 & 03-30-400-023
    Request Owner's contact information
    405 Sycamore Rd Genoa, IL 60135
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    Genoa, IL 60135
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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
    405 Sycamore Rd Genoa, IL 60135
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