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    1023 Heitmann Dr Lincoln, IL 62656

    For Sale
    $229,000

    High-visibility I-55 commercial lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 139,392 square foot commercial lot in Lincoln, Illinois, presents a unique investment opportunity. Located at 1023 Heitmann Drive, this property boasts 210 feet of frontage on the northbound I-55 exit ramp, ensuring unparalleled visibility and exposure to an average daily traffic count of nearly 30,000 vehicles. Its strategic location within both an enterprise zone and an economic opportunity zone offers significant development incentives, making it an attractive proposition for businesses seeking tax advantages and financial benefits. The property is zoned for industrial use and is owned by a corporation. Off-site water retention is already in place, simplifying the development process. This is one of Lincoln's premier properties, offering outstanding visibility and accessibility, making it ideal for a wide range of commercial and industrial ventures. The asking price for this exceptional lot is $229,000. The property's size and location combine to create a compelling investment opportunity with significant potential for growth and return. Don't miss this chance to secure a prime piece of commercial real estate in a thriving location. The property is situated in Logan County, Illinois, with a zip code of 62656.

    Property Features for 1023 Heitmann Dr

    General Information

    Property type
    Land

    HighLights

    • High‑visibility location on Lincoln's premier commercial corridor.
    • Exceptional street frontage and high traffic counts ensure maximum brand exposure.
    • Prime location within Lincoln's thriving business district.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mesa Garage Doors. Garage Door Supplier

    Suggested Use

    Restaurant Law Firm Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Clothing Store Hair Salon Gym & Fitness Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Logan
    State
    Illinois
    Longitude
    -89.4127832
    Latitude
    40.1595837

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    FAQs

    What type of property is this?
    Land - High-visibility I-55 commercial lot
    Where is this land located?
    The property is located at 1023 Heitmann Dr Lincoln, IL.
    What is the asking price?
    The asking price for this property is $229,000.
    What are key features of this property?
    This property features: High-visibility location on Lincoln's premier commercial corridor.; Exceptional street frontage and high traffic counts ensure maximum brand exposure.; Prime location within Lincoln's thriving business district.
    Request Owner's contact information
    1023 Heitmann Dr Lincoln, IL 62656
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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
    1023 Heitmann Dr Lincoln, IL 62656
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