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    OFF-MARKET
    Land

    7358 Il-162, Troy, IL 62294

    1.56 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 1.56-acre commercial land parcel in Troy, Illinois, presents a remarkable opportunity for development. Strategically located at 7358 IL Route 162, this property boasts 175 feet of frontage on a high-traffic road with an average daily traffic count of 14,500 vehicles. Its convenient proximity to Interstate 55 (Exit 18), just 0.3 miles away, ensures excellent accessibility and visibility. The site is zoned PDB and benefits from all utilities being readily available on-site. Further enhancing its appeal, comprehensive survey and geotechnical studies have already been completed, streamlining the development process. The property's location within close proximity to existing retail, office, and hotel establishments creates a synergistic environment, ideal for a variety of commercial ventures. This prime location, coupled with the completed due diligence, makes this a truly exceptional investment opportunity. The parcel's size and location make it suitable for a range of retail or hospitality uses. The property's APN is 09-2-22-06-00-000-016. The asking price for this exceptional property is $499,000.

    Property profile
    Verified
    Property type Land
    Lot 1.56 ac (67,954 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
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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