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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
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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