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    OFF-MARKET
    Land

    0 Farm Credit Dr, Mahomet, IL 61853

    0.7 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 0.7 ac (30,492 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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