Property profile

Rte 116 Hwy Metamora, IL 61548

OFF-MARKET
Commercial real estate
25.39 ac lot
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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

Location

Rte 116 Hwy Metamora, IL 61548
Metamora metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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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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