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    Main St Morton, IL 61550

    Sponsored
    For Sale
    Contact for pricing

    B3 Zoned Lots, Ready to Build

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial land opportunity in Morton, Illinois, presents several lots available for sale or build-to-suit. Located at the corner of North Main Street and Harding Avenue, this prime location offers immediate access to I-74, ensuring excellent visibility and convenient transportation. The property boasts B3 zoning, ideal for professional, office, or medical uses. Existing infrastructure is already in place, including completed stormwater detention, city utilities, and access points from both Main Street and Harding Avenue. Several lots offer Main Street frontage. The business park benefits from established neighboring businesses, including Gold's Gym, Blue Jay's Learning Center, and Harding Road Apartments. Future municipal improvements include new street lighting, further enhancing the area's appeal. The land is priced at $4.25 per square foot, offering a compelling investment opportunity for developers and businesses seeking a strategic location with readily available infrastructure. This unique offering combines prime location, flexible zoning, and significant infrastructure advantages, making it an exceptional opportunity for immediate development. The Tazewell County address is N Main St, Morton, IL 61550.

    Property Features for 0 Main St

    General Information

    Property type
    Land

    HighLights

    • Exceptional commercial land opportunity in Morton, IL, with multiple lots available for sale or build‑to‑suit.
    • Prime corner location at North Main Street and Harding Avenue, offering I‑74 access and high visibility.
    • B3 zoning suitable for professional, office, or medical uses.
    • Existing infrastructure includes stormwater detention, city utilities, and access from Main Street and Harding Avenue; several lots offer Main Street frontage.
    • $4.25 per square foot; strong investment opportunity due to location and infrastructure.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Morton
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.450438
    Latitude
    40.6357111

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    FAQs

    What type of property is this?
    Land - B3 Zoned Lots, Ready to Build
    Where is this land located?
    The property is located at Main St Morton, IL.
    What is the asking price?
    The asking price for this property is $4.
    What are key features of this property?
    This property features: Exceptional commercial land opportunity in Morton, IL, with multiple lots available for sale or build-to-suit.; Prime corner location at North Main Street and Harding Avenue, offering I-74 access and high visibility.; B3 zoning suitable for professional, office, or medical uses.
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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
    Main St Morton, IL 61550
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