Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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