Property profile

2969 Il-73 Pearl City, IL 61062

OFF-MARKET
Land
3 ac lot
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Property summary

AI-generated overview

This exceptional 3-acre commercial land parcel presents a unique investment opportunity in Pearl City, Illinois. Located on US Highway 73, this fee-simple property boasts a daily traffic count of 2,600 vehicles, ensuring high visibility and accessibility for any development. The property's APN is 02-17-09-300-030, and it is zoned for commercial use, offering considerable flexibility for a variety of projects. The Village of Pearl City is receptive to diverse development proposals, making this site ideal for ventures such as storage facilities, senior housing, condominiums, or apartment buildings. Currently, limited options exist in Pearl City for these types of developments, creating a strong demand for new construction. The asking price for this prime land is $225,000. The property's address is 2969 IL-73, Pearl City, IL 61062, situated in Stephenson County. This location offers significant potential for investors seeking to capitalize on the growing need for various commercial and residential options in this underserved market. The property's latitude and longitude coordinates are 42.2572614 and -89.825516 respectively.

Property profile

Verified
Property type Land
Lot 3 ac (130,680 SF)

Cap rate & NOI

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

Location

2969 Il-73 Pearl City, IL 61062
Pearl City metro
Google Maps

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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