Property profile

0 Main St Elmwood, IL 61529

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 3.6-acre commercial land parcel presents a remarkable development opportunity in the thriving town of Elmwood, Illinois. Strategically located directly on Main Street, this property boasts unparalleled visibility and accessibility, making it ideal for a wide range of commercial ventures. Currently utilized for agricultural purposes, with existing husbandry rights in place, the land offers a blank canvas for ambitious developers. The expansive lot size provides ample space for constructing a substantial commercial building, allowing for significant flexibility in design and functionality. Its prime Main Street location ensures high traffic volume and excellent exposure to potential customers. The property's address is 0 W MAIN Street, Elmwood, IL 61529, offering easy access to local amenities and transportation routes. This is a rare chance to acquire a highly desirable commercial lot in a growing Illinois community. The asking price is $299,000, representing a significant investment opportunity with considerable potential for future returns. Serious inquiries are encouraged to explore this exceptional development prospect further. The property is zoned for commercial use. All necessary utilities are readily available for connection. This is a turnkey opportunity for immediate development.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Main St Elmwood, IL 61529
Elmwood metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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