Property profile

30973 Il-23 Genoa, IL 60135

OFF-MARKET
Land
4 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 4 ac (174,240 SF)

Cap rate & NOI

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

Location

30973 Il-23 Genoa, IL 60135
Genoa 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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