Farm Credit Dr Mahomet, IL 61853
- Land
- 0.70 lot acres
Current Use by Public Records
- Land
Property Details for 0 Farm Credit Dr
- Lot size
- 0.70 lot acres
- Property type
- Land
Description
Invest in this exceptional opportunity at Prairieview Commons, a new 10-acre commercial subdivision in Mahomet, Illinois. Located at the northeast corner of US 150 and Prairieview Road, this development boasts frontage on Interstate 74, ensuring high visibility and accessibility. Multiple lots are available, ranging from 0.71 to 3.17 acres, and are zoned C2 Commercial, offering flexibility for various commercial uses. Site utilities are currently being installed, and the road extension and roundabout are slated for completion by the end of 2024, making these lots build-ready now. This development presents a unique opportunity for businesses seeking a strategic location in a thriving community. A 71-room upper-midscale franchise hotel has already been approved for a northeast lot. The developer is also constructing 2-3 multi-tenant commercial buildings for lease on the north-central lot. Flexible options are available, including outright land sale, build-to-purchase, and build-to-lease arrangements. Land prices range from $8 to $12 per square foot. This is a fee simple ownership opportunity in Champaign County, Illinois, with the address located on Farm Credit Drive, zip code 61853. Don't miss this chance to secure your place in this rapidly developing commercial hub.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mahomet
- County
- Champaign
- State
- Illinois
- Longitude
- -88.3613
- Latitude
- 40.1836
