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    Washington St Tuscola, IL 61953

    Sponsored
    For Sale
    $700,000

    Prime 14.2-acre vacant land, ready for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 14.2-acre vacant land parcel presents a remarkable investment opportunity in Tuscola, Illinois. Located just outside the downtown area off West Washington Street, this property enjoys a strategic position near the Douglas County Jail and south of I-36. The site benefits from existing residential development in the immediate vicinity, ensuring a strong foundation for future projects. All utilities are conveniently located at the site, simplifying development plans. A significant advantage is the existing development agreement with the City of Tuscola, streamlining the approval process and covering street expenses. Furthermore, approved subdivision plans are already in place, including a dedicated right-of-way, minimizing potential delays and costs. Currently used for farming, this versatile land offers immense potential for various development projects, making it an attractive proposition for investors seeking a well-situated and readily developable site in a growing community. The property is situated at S Washington St, Tuscola, IL 61953. The asking price is $700,000.

    Property Features for 0 Washington St

    General Information

    Property type
    Land
    Lot Size
    618,552 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Tuscola
    County
    Douglas
    State
    Illinois
    Longitude
    -88.289344999993
    Latitude
    39.7950185

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    FAQs

    What type of property is this?
    Land - Prime 14.2-acre vacant land, ready for development.
    Where is this land located?
    The property is located at Washington St Tuscola, IL.
    What is the asking price?
    The asking price for this property is $700,000.
    (217) 352-7712
    Request Owner's contact information
    Washington St Tuscola, IL 61953
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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
    Washington St Tuscola, IL 61953
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