0 Main St, Elmwood, IL 61529
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.
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.