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    OFF-MARKET
    Land

    737 Il Rte 34 Hwy, Herod, IL 62947

    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial land opportunity in Herod, Illinois, presents a unique investment prospect. Located at 737 & 739 IL Route 34 N Highway, this property boasts six existing buildings, offering significant potential for expansion and diversification. The asking price is $275,000. The property's strategic location near the Garden of the Gods and surrounding attractions makes it ideally suited for a variety of commercial ventures. Current features include a convenience store, a small deli area equipped with pizza ovens, an oven, cooler, and ice cream freezer. There's also space for a sandwich/salad shop, creating a welcoming atmosphere for visitors and locals alike. The multiple buildings provide ample room for expansion, allowing for the development of additional businesses or residential units. This property offers a rare chance to establish a thriving business in a picturesque setting, capitalizing on the existing infrastructure and high tourist traffic. The property is zoned for commercial use and is situated in Hardin County, Illinois, with a zip code of 62947. The property's latitude and longitude coordinates are 37.563584 and -88.40946, respectively. This is a turnkey opportunity to own and operate a successful business in a desirable location.

    Property profile
    Verified
    Property type Land
    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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