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    1509 Ketchum Rd Hampshire, IL 60140

    Sponsored
    For Sale
    $1,145,000

    Prime 5.56-acre commercial lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5.56-acre commercial land parcel, located at 1509 Ketchum Rd, Hampshire, IL 60140 (APN: 01-13-103-001, 01-13-103-002), presents a remarkable investment opportunity in a thriving community. Zoned for Community Commercial District use, this property offers immense potential for a diverse range of developments, including retail centers, health facilities, recreational complexes, or restaurants. Its strategic location at the southeast corner of Ketchum and Big Timber Road ensures high visibility and accessibility. The property benefits from its proximity to four public schools serving over 3,000 students, and is surrounded by established residential communities including Prairie Ridge, Tamm's Farms, Lakewood Crossing Homes, Hampshire Oaks Estates, and Oakstead, providing a substantial existing customer base. These neighborhoods encompass over 1,000 single-family and multifamily homes, further enhancing the property's appeal. Convenient access to Interstate 90 and Route 20 guarantees excellent traffic flow. Priced at $1,145,000, this property represents a significant opportunity to capitalize on Hampshire's continued growth and development. The property's size, location, and zoning make it an ideal investment for discerning buyers seeking a prime commercial location in a rapidly expanding area of Kane County, Illinois.

    Property Features for 1509 Ketchum Rd

    General Information

    Property type
    Land
    Lot Size
    242,194 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Wholesale Shop Auto Repair Shop Gym & Fitness Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Hampshire
    County
    Kane
    State
    Illinois
    Longitude
    -88.4901678
    Latitude
    42.1226071

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    FAQs

    What type of property is this?
    Land - Prime 5.56-acre commercial lot
    Where is this land located?
    The property is located at 1509 Ketchum Rd Hampshire, IL.
    What is the asking price?
    The asking price for this property is $1,145,000.
    (630) 313-4257
    Request Owner's contact information
    1509 Ketchum Rd Hampshire, IL 60140
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    Hampshire, IL 60140
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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
    1509 Ketchum Rd Hampshire, IL 60140
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