Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Buildable Hunting and Recreation Land Title is generated by Realmo AI

    9494 S Lost Horizon Road, Hanover, IL 61041

    View on Map
    Claim this Listing
    New
    For Sale
    $149,000

    LAND - HANOVER, IL

    Lot size:
    11.70 Acres
    Added:
    May 25, 2026
    Days on Market:
    5
    Last Refresh:
    May 29 at 6:06 pm

    Property Features for 9494 S Lost Horizon Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0900041628
    Lot size
    11.70 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    S23 & S26 T26N R2E BIG HORIZON SUB. LOT 28
    Tax Annual Amount
    1766

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    CAL BERGSMA

    Listing agent CAL BERGSMA License #475140689

    Listing office JIM SULLIVAN REALTY 725 N Pearl St., Stockton, IL

    Listing date May 25, 2026

    MLS# 202603047 Listing URL

    Copyright © 2026 NorthWest Illinois Alliance of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 11.70 acre buildable parcel ideal for hunting/recreation.
    • Located within a network of larger landowners practicing trophy deer management.
    • Features 2 large food plots and a wildlife pond designed to funnel deer and turkeys.
    • Quiet, secluded, and private setting at the head of a dead‑end road.
    • Power is on site, ready for single family residence or hunting cabin.
    • Conveniently located 20 minutes from Galena and 2.5 hours west of Chicago.

    Overview

    This 11.70-acre JoDaviess County parcel is suited for hunting and recreation. Located off a quiet country road at the head of a dead-end road, the setting offers seclusion and privacy. The property is surrounded by major landowners practicing trophy management, contributing to the presence of large deer. Improvements include two large food plots and a wildlife pond, designed to funnel deer and turkeys. Several travel routes on the property become active during the rut. The parcel is buildable and ready for a single-family residence or hunting cabin, with power available on site. The property is located approximately 20 minutes from Galena, offering boutique shops, restaurants, wineries, breweries, and museums, and is about 2.5 hours west of Chicago. Note: Redneck blinds are not included in the sale but are negotiable.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Hanover
    County
    Jo Daviess
    State
    Illinois
    Longitude
    -90.246736
    Latitude
    42.231189

    Nearby Similar for Sale

    • $370,000

      Scenic Land along Apple River

      44.78 acres with river frontage near Hanover, Illinois.
      S Crazy Hollow Road, HANOVER, IL 61041
      View Details
    • $195,000

      Scenic Jo Daviess County Land

      20-acre parcel with frontage on the Apple River.
      20 Acres +/- TBD S Crazy Hollow Road, HANOVER, IL 61041
      View Details
    • $577,200

      Wooded Land Ideal for Hunting

      78-acre wooded property perfect for hunting and outdoor activities.
      78+/- Acres TBD W Blanding Road, HANOVER, IL 61041
      View Details
    • $250,000
      11,000 SF

      20 Acres of Prime Hunting

      20 acres with access to 9,000 acres of refuge.
      A-1306 31st Street lot: A14-05 & A1406, HANOVER, IL 61041
      View Details
    • $3,700,000
      109,412 SF

      Four-Story Industrial Warehouse on 30 Acres

      109,380 SF industrial warehouse on 30 acres in Hanover, IL.
      101 North Washington Street, Hanover, IL 61041
      View Details
    • $195,000

      Scenic Land Parcel by Apple River

      20+/- acre parcel with Apple River frontage in Jo Daviess County.
      20 Acres /- Tbd S Crazy Hollow Road, Hanover, IL 61041
      View Details
    • $599,000

      62 Acres Ideal Building Site

      Land with views, pond, and income potential in Hanover, IL.
      3175 W Mitchell Road, HANOVER, IL 61041
      View Details

    FAQs

    What type of property is this?
    Hunting land - 11.7-acre JoDaviess County hunting/recreation parcel with buildable potential.
    Where is this hunting land located?
    The property is located at 9494 S Lost Horizon Road Hanover, IL.
    What is the asking price?
    The asking price for this property is $149,000.
    What are key features of this property?
    This property features: 11.70 acre buildable parcel ideal for hunting/recreation.; Located within a network of larger landowners practicing trophy deer management.; Features **2 large food plots and a wildlife pond designed to funnel deer and turkeys.**
    (815) 990-6202
    We can help!
    Listing Contact
    CAL BERGSMA
    Real Estate License ID: 475140689
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    9494 S Lost Horizon Road, HANOVER, IL 61041
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!