I-72 Rte Barry, IL 62312
This exceptional 25.46-acre commercial land parcel presents a unique investment opportunity in Barry, Illinois. Strategically located immediately adjacent to I-72 Exit 20 in western Pike County, this property boasts significant frontage along both I-72 and a county road. The gently rolling terrain offers excellent visibility and accessibility. The site benefits from the presence of all utilities except gas. This location is particularly attractive due to its proximity to Barry, Illinois, situated directly across I-72. The seller, a regional electric provider, is keen to facilitate additional power supply and job creation in the area. Further enhancing its appeal, this property is situated within both a Tax Increment Financing (TIF) district and an Enterprise Zone, indicating a supportive local government actively promoting economic development. The Barry city officials are known for their proactive and forward-thinking approach to business development. The property's APN is 46-027-07c and 46-027-07e. The asking price is $595,000, translating to approximately $23,370 per acre. The permitted zoning is B-2 Highway Business, allowing for a wide range of commercial uses. This is a rare opportunity to acquire a substantial, well-located commercial land parcel with significant development potential.
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
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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.