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    OFF-MARKET
    Land

    0 Main St, Elmwood, IL 61529

    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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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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