Property profile

23 & Barber Greene DeKalb, IL 60115

OFF-MARKET
Land
59.38 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 59.38 ac (2,586,593 SF)

Cap rate & NOI

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

Location

23 & Barber Greene DeKalb, IL 60115
DeKalb 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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