Property profile

31 State Rte Richmond, IL 60071

OFF-MARKET
Land
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Property summary

AI-generated overview

This ±1.43-acre commercial land parcel presents a unique investment opportunity in Richmond, Illinois. Strategically located just off the signalized intersection of Route 12 and Route 31, this property benefits from exceptional visibility and accessibility. The site is situated in McHenry County, within a region experiencing phenomenal population growth over the past ten years, indicating strong future demand for commercial properties. This single-tenant land offering is ideally suited for a variety of commercial developments. Its proximity to the proposed Route 12 extension reconfiguration further enhances its long-term potential. The address is listed as State Route 31, Richmond, IL 60071, providing easy access to major transportation routes. The property's location at a busy intersection ensures high traffic volume, making it an attractive site for businesses seeking maximum exposure. Detailed site plans and zoning information are available upon request. This is a rare opportunity to acquire a well-positioned commercial land parcel in a rapidly growing area. Don't miss out on this chance to capitalize on the significant potential of this prime location. Contact us today to learn more about this exceptional property and explore its development possibilities.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

31 State Rte Richmond, IL 60071
Richmond metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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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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