This exceptional 117-acre property presents a unique opportunity for development near I-57, Exit 293 in Ashkum, Illinois. Zoned for agricultural use, the land offers significant potential for a variety of commercial or industrial projects, such as a warehouse or trucking terminal, as envisioned by the previous owner. Its strategic location provides convenient access to Interstate 57, placing it approximately an hour from Chicago. The site benefits from proximity to six major interstates within a 50-mile radius, ensuring excellent regional connectivity and logistical advantages. The property's versatility extends to its potential for subdivision, allowing for customized development to meet specific project requirements. Furthermore, the land can continue to generate income through farming until construction commences. This presents a cost-effective build site compared to similar locations in neighboring areas. Located on Bank St, Ashkum, IL 60911, in Iroquois County, this property offers a compelling blend of accessibility, flexibility, and affordability for discerning investors seeking a prime location for their next venture. The property is currently zoned for agricultural use.
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
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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.