Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Land

    16 Us 51 & Rte, Pana, IL 62557

    11 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 11.41-acre commercial land parcel, located at the high-traffic intersection of US 51 and Route 16 in Pana, Illinois (APN: 11-25-23-200-010-0), presents a unique development opportunity. The property boasts a C-2 zoning designation, allowing for a wide range of commercial uses. Its strategic location offers excellent visibility and accessibility, with an impressive average daily traffic count of 6,900 vehicles. All utilities are conveniently located nearby, simplifying infrastructure development. The asking price is $1,200,000, translating to approximately $105,170 per acre. The seller is willing to consider dividing the parcel to accommodate various development needs. This prime location in Christian County, Illinois (zip code 62557), offers significant potential for investors seeking a high-return commercial venture. The property's size and zoning make it ideal for a variety of commercial projects, capitalizing on the high traffic volume and convenient access. Don't miss this chance to acquire a highly desirable commercial land site in a thriving area.

    Property profile
    Verified
    Property type Land
    Lot 11 ac (479,160 SF)
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 16 Us 51 & Rte?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message