1507 Scott St Olney, IL 62450
This exceptional 0.23-acre residential lot, located at 1507 E. Scott St. (Lot 25) in Olney, Illinois, presents a fantastic opportunity for building your dream home. Situated in a highly desirable neighborhood, this level lot measures approximately 82 feet by 122 feet, providing ample space for construction. Its convenient location offers proximity to local schools and recreational facilities, enhancing its appeal. The property is part of Van Sandt's Addition and is conveniently located in Olney, IL, zip code 62450. The asking price for this vacant lot is $22,500. This is a rare chance to acquire a buildable lot in a sought-after area, making it an excellent investment for those seeking to build a new home in a well-established community. The property is ready for immediate development, offering a blank canvas for your future home. Don't miss this chance to secure this desirable building site. Richland County location. MLS# 11344476.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.