16 Us 51 & Rte, Pana, IL 62557
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.
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
Similar Nearby for Sale
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.