Property summary
This exceptional 5.06-acre commercial/industrial land parcel presents a unique investment opportunity in the thriving growth district of Farmer City, Illinois. Strategically located at the Interstate 74 exit (exit with 21,000 average annual daily traffic), this fee-simple property offers unparalleled accessibility and visibility. The permitted zoning is commercial, allowing for a wide range of development possibilities. Its prime location is adjacent to the planned Reserve Farmer City multifamily development, promising significant future growth and increased property value. The asking price is $275,517. This represents a compelling entry point into a rapidly developing area with high traffic counts. The property is situated on IL-54 in De Witt County, Illinois, zip code 61842. For those seeking a larger footprint, additional acreage is available at a rate of $1.25 per square foot. This property is ideal for businesses seeking high visibility and convenient access to major transportation routes. Don't miss this chance to secure a piece of this burgeoning commercial corridor.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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