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    Peace Rd & Hwy 23 Sycamore, IL 60178

    Sponsored
    For Sale
    $1,480,000

    5.44 Acres, Exceptional Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 5.44-acre land parcel, strategically located at the intersection of Peace Road and Highway 23 in Sycamore, Illinois (zip code 60178), presents a unique investment opportunity. Comprising approximately three individual parcels, this property offers flexibility for buyers

    Property Features for 0 Peace Rd & Hwy 23

    General Information

    Property type
    Specialty properties
    Lot Size
    236,966 SF

    HighLights

    • 5.44‑acre land parcel in Sycamore, IL (60178).
    • Located at the intersection of Peace Road and Highway 23.
    • Comprises approximately three individual parcels.
    • Offers flexible development options for buyers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Sycamore
    County
    DeKalb
    State
    Illinois
    Longitude
    -88.7087592
    Latitude
    41.980428

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    FAQs

    What type of property is this?
    Specialty property - 5.44 Acres, Exceptional Development Potential
    Where is this specialty property located?
    The property is located at Peace Rd & Hwy 23 Sycamore, IL.
    What is the asking price?
    The asking price for this property is $1,480,000.
    What are key features of this property?
    This property features: 5.44-acre land parcel in Sycamore, IL (60178).; Located at the intersection of Peace Road and Highway 23.; Comprises approximately three individual parcels.
    Request Owner's contact information
    Peace Rd & Hwy 23 Sycamore, IL 60178
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    Sycamore, IL 60178
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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
    Peace Rd & Hwy 23 Sycamore, IL 60178
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