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Property profile & analytics
OFF-MARKET
Land

0 East St Oreana, IL 62554

27.2 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 27.2 ac (1,184,832 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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