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    320 Hwy 40 Troy, IL 62294

    Sponsored
    For Sale
    Contact for pricing

    Two prime commercial lots in Troy, IL.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional offering presents two distinct commercial development sites ideally situated along Highway 40 in Troy, Illinois. Both parcels are zoned C-3, Highway Commercial, ensuring a wide range of development possibilities. The western lot encompasses 1.35 acres and is priced at $176,500, while the eastern lot offers 2.05 acres for $267,900. Each lot boasts a land value of $3 per square foot. The properties are conveniently located near Triad High School and a mere two miles from the strategic intersection of Highways 40, 55, and 70 (Exit 17), providing unparalleled access and high visibility. With an average daily traffic count of 10,600 vehicles, these sites present a remarkable opportunity for businesses seeking high-traffic exposure. The property's APN is 09-2-22-09-20-402-031. This is a rare chance to acquire premier commercial land in a thriving location with excellent access to major transportation arteries. Don't miss this opportunity to secure your place in this dynamic market.

    Property Features for 320 Hwy 40

    General Information

    Property type
    Land
    Lot Size
    58,806 SF

    HighLights

    • 1.35‑acre and 2.05‑acre commercial development sites available.
    • High‑traffic location on Highway 40 (10,600 ADT).
    • Convenient access to I‑55/70 (Exit 17, 2 miles).
    • C‑3 Commercial zoning.
    • 1.35‑acre lot: $176,500.
    • 2.05‑acre lot: $267,900.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Troy
    County
    Madison
    State
    Illinois
    Longitude
    -89.8774768
    Latitude
    38.7186622

    Nearby Comparable

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - Two prime commercial lots in Troy, IL.
    Where is this land located?
    The property is located at 320 Hwy 40 Troy, IL.
    What are key features of this property?
    This property features: 1.35-acre and 2.05-acre commercial development sites available.; High-traffic location on Highway 40 (10,600 ADT).; Convenient access to I-55/70 (Exit 17, 2 miles).
    (618) 277-4400
    Request Owner's contact information
    320 Hwy 40 Troy, IL 62294
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    Troy, IL 62294
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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
    320 Hwy 40 Troy, IL 62294
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