23 & Barber Greene, DeKalb, IL 60115
This exceptional 59.38-acre parcel presents a significant commercial development opportunity in DeKalb, Illinois. Strategically located at the intersection of Route 23 and Barber Greene Road, the property boasts excellent visibility and accessibility. Currently zoned for agricultural use (AG), the land is primed for future commercial development, pending annexation to the city of DeKalb. The site is surrounded by existing retail and light industrial businesses, indicating strong market demand and potential for synergy. Utilities are conveniently located nearby, simplifying infrastructure development. Further enhancing its appeal, the property offers potential future access from Wirsing Road, providing multiple access points. Currently leased for crop production, this land is situated within an Enterprise Zone, potentially offering attractive tax incentives for qualified projects. The asking price for this expansive tract is $3,200,000. This presents a rare chance to acquire a large, well-positioned parcel with significant upside potential in a thriving DeKalb location. The property's size and location make it suitable for a variety of commercial uses, subject to necessary approvals and zoning changes.
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
Similar Nearby for Lease
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.