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OFF-MARKET
Land

0 Tilton Exchange Tilton, IL 61833

24.82 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 24.82-acre commercial land parcel presents a unique investment opportunity in Tilton, Illinois. Strategically located off Interstate 74's Exit 215A, this property boasts excellent visibility and accessibility, served by two signaled intersections. The site is part of the Tilton Exchange development, already anchored by established businesses such as Vermilion Chevrolet and Mach One Travel Plaza. Three lots remain available for sale, offering flexibility for various commercial ventures. Lot 203 encompasses 1.41 acres and is priced at $10.00 per square foot. Lot 205, a substantial 17.98 acres, is priced at $4.00 per square foot. Finally, Lot 206 offers 3.47 acres at $10.00 per square foot. Ground lease and build-to-suite options are available to accommodate diverse development plans. Situated near the Illinois/Indiana border, this location benefits from a large market area population exceeding 100,000, drawing from surrounding agricultural communities. The property enjoys proximity to major roadways, placing it within 30 miles of Champaign, 90 miles of Indianapolis, and 130 miles of Chicago. Neighboring businesses include a diverse range of retailers and services, including Big R, Burger King, AutoZone, County Market, Monical's, Verizon, Family Dollar, Dollar Tree, and Dollar General. Georgetown Road, where the property is located, experiences an average annual daily traffic count of 22,100 vehicles. This high traffic volume ensures significant exposure for any commercial development on this site. The property is zoned CG - Commercial General, allowing for a wide array of commercial uses.

Property profile
Verified
Property type Land
Lot 24.82 ac (1,081,159 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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