30973 Il-23, Genoa, IL 60135
This exceptional 4-acre commercial land parcel presents a unique investment opportunity in Genoa, Illinois. Strategically located at the four-way intersection of IL State Route 23 and Derby Line Road, this property boasts excellent visibility and accessibility. Priced at $348,480, or $2.00 per square foot, this site offers significant potential for various commercial ventures. Existing infrastructure includes on-site water, sanitary sewer, and a storm water basin, simplifying development plans. Water retention is handled off-site, further streamlining the process. A key advantage is the property's designation as an Illinois Enterprise Zone. This designation provides substantial benefits to new and existing businesses, including state and local tax incentives designed to reduce both operating and construction costs. The property's size and location make it suitable for a wide range of commercial uses, offering a compelling opportunity for investors seeking a high-visibility site with significant cost-saving advantages. The address is 30973 IL-23, Genoa, IL 60135. This is a rare opportunity to acquire a well-situated commercial lot in a thriving area with significant economic incentives.
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
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.