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Property profile

1023 Heitmann Dr Lincoln, IL 62656

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 139,392 square foot commercial lot in Lincoln, Illinois, presents a unique investment opportunity. Located at 1023 Heitmann Drive, this property boasts 210 feet of frontage on the northbound I-55 exit ramp, ensuring unparalleled visibility and exposure to an average daily traffic count of nearly 30,000 vehicles. Its strategic location within both an enterprise zone and an economic opportunity zone offers significant development incentives, making it an attractive proposition for businesses seeking tax advantages and financial benefits. The property is zoned for industrial use and is owned by a corporation. Off-site water retention is already in place, simplifying the development process. This is one of Lincoln's premier properties, offering outstanding visibility and accessibility, making it ideal for a wide range of commercial and industrial ventures. The asking price for this exceptional lot is $229,000. The property's size and location combine to create a compelling investment opportunity with significant potential for growth and return. Don't miss this chance to secure a prime piece of commercial real estate in a thriving location. The property is situated in Logan County, Illinois, with a zip code of 62656.

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

Current use

Occupant on record · Public records
  • Building Supply General Contractor

Location

1023 Heitmann Dr Lincoln, IL 62656
Lincoln 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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