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    Lake Rd Canton, IL 61520

    Sponsored
    For Sale
    $1,200,000

    127 Acres, $1.2M, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 127.23-acre agricultural property in Canton, Illinois, presents a unique investment opportunity. Located on N. Lake Road, with APN 09-08-24-200-001 and 10-09-19-100-001, this land boasts a prime location near Lake Canton, offering stunning lake views and convenient access via a private 26-foot wide lane. Currently zoned AG, the property has no history of flooding and is certified for organic farming, allowing for higher-revenue crop production. Its proximity to Canton, the largest city in Fulton County, with a population of 23,738 within 3 miles, a median age of 34.4, and an average household income of $154,639, makes it ideal for various developments. The property's potential extends beyond agriculture, with possibilities for solar and wind energy projects. The asking price is $1,200,000. This remarkable parcel offers elevated vistas and is surrounded by plots slated for future development, making it a compelling investment in a thriving community. Lake Canton provides recreational opportunities including boating, fishing, and sports.

    Property Features for 0 Lake Rd

    General Information

    Property type
    Farms
    Lot Size
    5,542,139 SF

    HighLights

    • 127.23‑acre lakeside property bordering 350‑acre Lake Canton.
    • Prime residential development site near Canton, IL, Fulton County's largest city.
    • Features a private 26‑foot wide lane providing lake access.
    • Lake Canton offers boating, fishing, and other recreational activities.
    • Currently undeveloped farmland.
    • Suitable for solar, wind, and organic farming.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Canton
    County
    Fulton
    State
    Illinois
    Longitude
    -89.9902928
    Latitude
    40.5850655

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    FAQs

    What type of property is this?
    Farm - 127 Acres, $1.2M, High Potential
    Where is this farm located?
    The property is located at Lake Rd Canton, IL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 127.23-acre lakeside property bordering 350-acre Lake Canton.; Prime residential development site near Canton, IL, Fulton County's largest city.; Features a private 26-foot wide lane providing lake access.
    Request Owner's contact information
    Lake Rd Canton, IL 61520
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    Canton, IL 61520
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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
    Lake Rd Canton, IL 61520
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