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    11478-1 Imhoff Ln Johnston City, IL 62951

    Sponsored
    For Sale
    $5,121,300

    23.82 Acres, High Traffic, TIF Incentives

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 23.82-acre commercial land parcel presents a remarkable investment opportunity in Johnston City, Illinois. Strategically located at the northwest corner of I-57 exit 59, this property boasts over 660 feet of I-57 frontage, benefiting from the high traffic volume of over 40,000 cars daily on the recently expanded six-lane highway. Its proximity to Marion, IL (five minutes north) and the newly opened Walker's Bluff Casino & Convention Center (approximately 20 minutes west) makes it ideally suited for a variety of commercial developments. Currently zoned B-2 Primary Business District, the zoning could potentially be modified. The property includes a modern two-story brick building currently used as a showroom and office space. All city utilities are available, and Tax Increment Financing (TIF) incentives are also an option. The seller is willing to divide the land and sell or lease portions, with an additional 17.65 acres also available. This prime location is perfect for a truck stop, hotel, restaurant, or strip mall. The property's address is 11478 Imhoff Lane, Johnston City, IL 62951. Asking price is $5,121,300.

    Property Features for 11478-1 Imhoff Ln

    General Information

    Property type
    Land
    Lot Size
    1,037,599 SF

    HighLights

    • $5,121,300 asking price for 23.82 acres of vacant land.
    • Located at the Northwest corner of I‑57 exit 59 in Johnston City, IL, five minutes from Marion, IL.
    • High traffic location with over 40,000 cars daily on the six‑lane I‑57 expansion.
    • TIF incentives and city utilities available.
    • Currently zoned B‑2 Primary Business District, with potential for rezoning.
    • Excellent proximity to the Walker's Bluff Casino & Convention Center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Pharmacy Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Johnston City
    County
    Williamson
    State
    Illinois
    Longitude
    -88.9475402
    Latitude
    37.8191214

    Nearby Comparable

    • $8,916,050

      Prime I-57 Commercial Land

      41.47 acres, high-traffic location, development potential.
      11478 Imhoff Ln, Johnston City, IL 62951
      View Details
    • $8,916,050

      41.47 Acres I-57 Frontage

      41.47 acres for sale or lease with I-57 frontage.
      11478 Imhoff Ln, Johnston City, IL 62951
      View Details
    • $119,900

      Johnston City Commercial Land & Buildings

      3.44 Acres, Two Buildings, High Visibility
      17902 Route 37, Johnston City, IL 62951
      View Details
    • $96,800

      Johnston City Commercial Land

      Prime Highway 37 Retail Space
      13631 Rte 37 Hwy, Johnston City, IL 62951
      View Details

    FAQs

    What type of property is this?
    Land - 23.82 Acres, High Traffic, TIF Incentives
    Where is this land located?
    The property is located at 11478-1 Imhoff Ln Johnston City, IL.
    What is the asking price?
    The asking price for this property is $5,121,300.
    What are key features of this property?
    This property features: $5,121,300 asking price for 23.82 acres of vacant land.; Located at the Northwest corner of I-57 exit 59 in Johnston City, IL, five minutes from Marion, IL.; High traffic location with over 40,000 cars daily on the six-lane I-57 expansion.
    (618) 997-6495
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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
    11478-1 Imhoff Ln Johnston City, IL 62951
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