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    OFF-MARKET
    Commercial real estate

    Rte 116 Hwy, Metamora, IL 61548

    25.39 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 25.39-acre commercial property presents a rare development opportunity in Metamora, Illinois. Situated directly on Route 116, this site boasts excellent visibility and accessibility, with convenient ingress and egress directly to the state highway. The high traffic counts on Route 116 ensure significant exposure for any future development. Currently used for agricultural purposes, the land offers a blank canvas for a variety of commercial ventures. The expansive acreage provides ample space for large-scale projects, allowing for flexibility in design and functionality. This location offers significant potential for businesses seeking high visibility and convenient access to a major thoroughfare. The property's strategic location and substantial size make it an ideal investment for developers seeking a prime commercial site with significant growth potential. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The asking price is $6,000,000. This is a unique opportunity to acquire a substantial commercial parcel in a desirable location. Don't miss out on this chance to build your vision.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 25.39 ac (1,105,988 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
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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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