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    414 Old Route 66 Litchfield, IL 62056

    Sponsored
    For Sale
    $600,000

    Prime 0.96-acre commercial lot, ideal retail location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.96-acre commercial land parcel presents a remarkable redevelopment opportunity in Litchfield, Illinois. Strategically located at 414 Old Route 66 North, this property boasts a highly visible corner location with excellent traffic flow. The site is zoned for commercial use and offers significant potential for a variety of businesses. Its prime position across from the renowned Route 66 Museum ensures high visibility and accessibility. The property benefits from substantial traffic counts, with 1,600 average daily trips (ADT) on Old Route 66 and 8,750 ADT on West Union Avenue, providing ample exposure to potential customers. This makes it an excellent site for retail establishments, banking institutions, convenience stores, or other service-based companies seeking a high-traffic location. The asking price is $600,000. The property's APN is 10-32-456-019. This is a rare opportunity to acquire a highly desirable commercial lot in a thriving community. Don't miss out on this chance to establish your business in a prime location on historic Route 66.

    Property Features for 414 Old Route 66

    General Information

    Property type
    Land
    Lot Size
    41,818 SF

    HighLights

    • Land for sale, commercial use.
    • 0.96‑acre commercial lot.
    • 0.96‑acre parcel available.
    • 0.96‑acre parcel available.
    • 0.96‑acre parcel available.
    • Offered at $999,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Litchfield
    County
    Montgomery
    State
    Illinois
    Longitude
    -89.6657763
    Latitude
    39.1776651

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    FAQs

    What type of property is this?
    Land - Prime 0.96-acre commercial lot, ideal retail location.
    Where is this land located?
    The property is located at 414 Old Route 66 Litchfield, IL.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Land for sale, commercial use.; 0.96-acre commercial lot.; 0.96-acre parcel available.
    (618) 277-4400
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    414 Old Route 66 Litchfield, IL 62056
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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
    414 Old Route 66 Litchfield, IL 62056
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