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    OFF-MARKET
    Land

    30973 Il-23, Genoa, IL 60135

    4 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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