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    Us 51 & Rte 16 Pana, IL 62557

    • Land
    • 11.00 lot acres
    For Sale
    View listing
    $1,200,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Us 51 & Rte 16

    Lot size
    11.00 lot acres
    Property type
    Land

    Description

    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.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pana
    County
    Christian
    State
    Illinois
    Longitude
    -89.08
    Latitude
    39.3902

    Comparable in this City

    • Value Estimation by Request
      5.10 Acres

      Tax ID 1116-01-00-100-006 Rhodes Boy Scout Rd

      Land • 5.10 Acres
      Tax ID 1116-01-00-100-006 Rhodes Boy Scout Rd, Pana, IL 62557
      View Details
    • Value Estimation by Request

      Pana, IL 62557

      VACANT COMMERCIAL LAND
      Pana, IL 62557
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    • Value Estimation by Request
      1.14 Acres

      Pana, IL 62557

      VACANT COMMERCIAL LAND • 1.14 Acres
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      7.86 Acres

      Pana, IL 62557

      VACANT COMMERCIAL LAND • 7.86 Acres
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      0.92 Acres

      Pana, IL 62557

      VACANT COMMERCIAL LAND • 0.92 Acres
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      0.13 Acres

      Pana, IL 62557

      VACANT COMMERCIAL LAND • 0.13 Acres
      Pana, IL 62557
      View Details

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    Us 51 & Rte 16
    Pana, IL 62557
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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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