Property profile

0 Il-54 Farmer City, IL 61842

OFF-MARKET
Land
5.06 ac lot
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Property summary

AI-generated overview

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

Verified
Property type Land
Lot 5.06 ac (220,414 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Il-54 Farmer City, IL 61842
Farmer City metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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