Property profile

7358 Il-162 Troy, IL 62294

OFF-MARKET
Land
1.56 ac lot
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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

Location

7358 Il-162 Troy, IL 62294
Troy metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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