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    112 Main St Gorham, IL 62940

    • Land
    For Sale
    View listing
    $8,999
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 112 Main St

    Property type
    Land
    Property subtype
    Industrial properties

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gorham
    County
    Jackson
    State
    Illinois
    Longitude
    -89.4847
    Latitude
    37.7137

    Comparable in this City

    • Value Estimation by Request

      2Nd St

      Land
      0 2Nd St, Gorham, IL 62940
      View Details
    • Value Estimation by Request
      3.00 Acres

      13656 Hwy 3rd 3

      INDUSTRIAL (GENERAL) • 3.00 Acres
      13656 Hwy 3rd 3, Gorham, IL 62940
      View Details
    • Value Estimation by Request
      0.15 Acres

      Gorham, IL 62940

      INDUSTRIAL (GENERAL) • 0.15 Acres
      Gorham, IL 62940
      View Details
    • Value Estimation
      $300,000
      1.90 Acres

      260 Jacob Rd

      COMMERCIAL (GENERAL) • 1.90 Acres
      260 Jacob Rd, Gorham, IL 62940
      View Details
    • Value Estimation by Request
      2.10 Acres

      164 Eastman Rd

      COMMERCIAL (GENERAL) • 2.10 Acres
      164 Eastman Rd, Gorham, IL 62940-2201
      View Details
    • Value Estimation by Request
      4.91 Acres

      115 Fish Rd

      VACANT COMMERCIAL LAND • 4.91 Acres
      115 Fish Rd, Gorham, IL 62940-2215
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Main Street Gorham Mixed-Use Land

      High-visibility Gorham commercial land, ideal for development.
      112 Main St, Gorham, IL 62940
      View Details
    • Contact for pricing

      Gorham Mixed-Use Corner Lot

      High-visibility Main St. corner lot, owner financing.
      0 Main St And 2 St, Gorham, IL 62940
      View Details
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    112 Main St
    Gorham, IL 62940
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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