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    Tbd Sycamore, IL 60178

    Sponsored
    For Sale
    $990,000

    High-traffic 3.87-acre lot, $990,000

    Property size:
    168,577 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3.87-acre commercial land parcel presents a unique investment opportunity in Sycamore, Illinois. Strategically located at the northeast corner of Peace Road and Route 23, this property boasts a high-visibility location at a signalized intersection with an impressive average daily traffic count of 15,000 vehicles. The property offers significant development potential, given its size and prime location. Access is conveniently provided via an easement from Plaza Drive. The asking price is $990,000, translating to a price per square foot of $5.87. While the land value per square foot is listed as $0/SF, the overall price reflects the strategic location and development potential. This property could be particularly attractive to developers seeking high visibility and accessibility. Note that an adjacent 0.87-acre commercial lot (MLS 08645927) next to a Taco Bell is available for potential combination, offering further expansion possibilities. The total square footage of the property is 168,577 square feet. This property is situated in De Kalb County, Illinois, with a zip code of 60178. The coordinates are 41.9889173 latitude and -88.6867538 longitude.

    Property Features for 0 Tbd

    General Information

    Property type
    Land
    Square Feet
    168,577 SF
    Lot Size
    168,577 SF

    HighLights

    • 3.87‑acre commercial land parcel in Sycamore, IL.
    • High‑visibility location at signalized intersection of Peace Road and Route 23, with 15,000 ADT.
    • $990,000 asking price ($5.87/SF).
    • 168,577 square feet total.
    • Adjacent 0.87‑acre lot (MLS 08645927) available for expansion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sycamore
    County
    De Kalb
    State
    Illinois
    Longitude
    -88.6867538
    Latitude
    41.9889173

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    FAQs

    What type of property is this?
    Land - High-traffic 3.87-acre lot, $990,000
    Where is this land located?
    The property is located at Tbd Sycamore, IL.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: 3.87-acre commercial land parcel in Sycamore, IL.; High-visibility location at signalized intersection of Peace Road and Route 23, with 15,000 ADT.; $990,000 asking price ($5.87/SF).
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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
    Tbd Sycamore, IL 60178
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