112 Main St, Gorham, IL 62940
This exceptional 7,500 square foot parcel of land is located at 112 Main Street in Gorham, Illinois, 62940. Boasting 50 feet of frontage on Main Street (SR 9), the main thoroughfare through Gorham, this property offers unparalleled visibility and accessibility. The lot is 150 feet deep, totaling approximately 0.16 acres. Zoned for multifamily, residential, and commercial uses, this versatile property presents a multitude of development opportunities. The asking price is $8,999, translating to a land value of $1.10 per square foot. The property offers five parking spaces per 1,000 square feet. Conveniently located, it's just five minutes from the Mississippi River, ten minutes from Arkansas, and fifteen minutes from Carbondale. The property is offered fee simple and is for sale by owner. APN is 13-30-330-011. Owner financing may be available.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.