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    Farm Credit Dr Mahomet, IL 61853

    Sponsored
    For Sale
    Contact for pricing

    Prime Commercial Lots in Growing Mahomet, IL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Invest in this exceptional opportunity at Prairieview Commons, a new 10-acre commercial subdivision in Mahomet, Illinois. Located at the northeast corner of US 150 and Prairieview Road, this development boasts frontage on Interstate 74, ensuring high visibility and accessibility. Multiple lots are available, ranging from 0.71 to 3.17 acres, and are zoned C2 Commercial, offering flexibility for various commercial uses. Site utilities are currently being installed, and the road extension and roundabout are slated for completion by the end of 2024, making these lots build-ready now. This development presents a unique opportunity for businesses seeking a strategic location in a thriving community. A 71-room upper-midscale franchise hotel has already been approved for a northeast lot. The developer is also constructing 2-3 multi-tenant commercial buildings for lease on the north-central lot. Flexible options are available, including outright land sale, build-to-purchase, and build-to-lease arrangements. Land prices range from $8 to $12 per square foot. This is a fee simple ownership opportunity in Champaign County, Illinois, with the address located on Farm Credit Drive, zip code 61853. Don't miss this chance to secure your place in this rapidly developing commercial hub.

    Property Features for 0 Farm Credit Dr

    General Information

    Property type
    Land
    Lot Size
    30,492 SF

    HighLights

    • Land for sale in Mahomet, IL, zoned C2 Commercial.
    • Lots ranging from 0.7 to 3.17 acres available.
    • Land price: $8 - $12 per square foot.
    • Located at the northeast corner of US 150 & Prairieview Rd, with I‑74 frontage.
    • Utilities are being installed; road improvements complete by end of 2024.
    • Fee simple ownership; broker co‑op available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mahomet
    County
    Champaign
    State
    Illinois
    Longitude
    -88.3613313
    Latitude
    40.1836183

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    FAQs

    What type of property is this?
    Land - Prime Commercial Lots in Growing Mahomet, IL
    Where is this land located?
    The property is located at Farm Credit Dr Mahomet, IL.
    What are key features of this property?
    This property features: Land for sale in Mahomet, IL, zoned C2 Commercial.; Lots ranging from 0.7 to 3.17 acres available.; Land price: $8 - $12 per square foot.
    Request Owner's contact information
    Farm Credit Dr Mahomet, IL 61853
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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
    Farm Credit Dr Mahomet, IL 61853
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