Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    Il-54 Farmer City, IL 61842

    Sponsored
    For Sale
    $275,517

    5-Acre Lot, I-74 Access, $275K

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5.06-acre commercial/industrial land parcel presents a unique investment opportunity in the thriving growth district of Farmer City, Illinois. Strategically located at the Interstate 74 exit (exit with 21,000 average annual daily traffic), this fee-simple property offers unparalleled accessibility and visibility. The permitted zoning is commercial, allowing for a wide range of development possibilities. Its prime location is adjacent to the planned Reserve Farmer City multifamily development, promising significant future growth and increased property value. The asking price is $275,517. This represents a compelling entry point into a rapidly developing area with high traffic counts. The property is situated on IL-54 in De Witt County, Illinois, zip code 61842. For those seeking a larger footprint, additional acreage is available at a rate of $1.25 per square foot. This property is ideal for businesses seeking high visibility and convenient access to major transportation routes. Don't miss this chance to secure a piece of this burgeoning commercial corridor.

    Property Features for 0 Il-54

    General Information

    Property type
    Land
    Lot Size
    220,414 SF

    HighLights

    • 5.06‑acre commercial/industrial land parcel in Farmer City, IL.
    • Located at I‑74 exit with 21,000 AADT, offering high visibility and accessibility.
    • Commercially zoned, allowing diverse development options.
    • Adjacent to the planned Reserve Farmer City multifamily development.
    • Asking price: $275,517.
    • Additional acreage available at $1.25/sq ft.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Farmer City
    County
    De Witt
    State
    Illinois
    Longitude
    -88.624432559746
    Latitude
    40.253404379448

    Nearby Comparable

    • $143,748
      2.20 Acres

      Central Illinois Commercial Land

      2.2-acre lot, I-74 access, prime location.
      0 Il-54, Farmer City, IL 61842
      View Details
    • $115,000

      Turn-Key Duplex Investment Opportunity

      Well-maintained duplex with rental history and separately metered utilities.
      101 W Richardson St, Farmer City, IL 61842
      View Details
    • $179,900
      0.35 Acres

      Restaurant/Retail Opportunity in Farmer City

      Turnkey restaurant or retail space on a busy street.
      401 W Clinton Ave, Farmer City, IL 61842
      View Details
    • $149,900
      1.75 Acres

      Commercial Land Ready for Development

      1.75 acres of commercial land near interstate with highway frontage.
      940 Clinton Ave, Farmer City, IL 61842
      View Details
    • $347,500
      3,805 SF

      Mansfield Commercial Building - Prime Location

      High-Visibility Business Opportunity in Mansfield, IL
      109 Front St, Mansfield, IL 61854
      View Details
    • $159,000
      1,200 SF

      Highway Retail Opportunity on 2 Acres

      Retail property with development potential near Clinton Lake.
      18843 Il Rte, De Witt, IL
      View Details
    • $159,000
      1,200 SF

      Highway Frontage Retail Opportunity

      Retail property with highway frontage and development potential.
      18845 Illinois 54, De Witt, IL 61735
      View Details
    • $31,580

      Commercial Lots Near Interstate 74

      Commercial lots with high visibility near Interstate 74.
      Leroy Plz Lots Persimmon Dr, Le Roy, IL 61752
      View Details

    Nearby Similar for Sale

    • $179,900
      0.35 Acres

      Restaurant/Retail Opportunity in Farmer City

      Turnkey restaurant or retail space on a busy street.
      401 W Clinton Ave, Farmer City, IL 61842
      View Details
    • $115,000

      Turn-Key Duplex Investment Opportunity

      Well-maintained duplex with rental history and separately metered utilities.
      101 W Richardson St, Farmer City, IL 61842
      View Details

    FAQs

    What type of property is this?
    Land - 5-Acre Lot, I-74 Access, $275K
    Where is this land located?
    The property is located at Il-54 Farmer City, IL.
    What is the asking price?
    The asking price for this property is $275,517.
    What are key features of this property?
    This property features: 5.06-acre commercial/industrial land parcel in Farmer City, IL.; Located at I-74 exit with 21,000 AADT, offering high visibility and accessibility.; Commercially zoned, allowing diverse development options.
    Request Owner's contact information
    Il-54 Farmer City, IL 61842
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Il-54
    Farmer City, IL 61842
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Il-54 Farmer City, IL 61842
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.