0 East St Oreana, IL 62554
Exceptional investment opportunity: 27.2 acres of commercially zoned land in rural central Illinois, located in the desirable Argenta-Oreana school district. This property, identified by APN 180809401007, is situated on S East St, Oreana, IL 62554, and offers multiple development possibilities. The land is zoned R-4, allowing for various uses including residential, commercial, and timber operations. The asking price is $816,000, or $30,000 per acre. The seller is willing to divide the parcel to accommodate buyers' needs, with options ranging from one acre to the full 27.2 acres. Utilities are available and extendable. Previous sales of residential lots on this parcel confirm utility access. This location provides a great country setting while still offering convenient access to amenities. A farm ground lease option is also available. This property presents a unique chance to build your dream home, develop a subdivision, or pursue multi-family development. Contact us for details and to explore this exciting opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.