Property profile

488 Il-116 GERMANTWN HLS, IL 61548

OFF-MARKET
Land
17.6 ac lot
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Property summary

AI-generated overview

This exceptional 17.6-acre parcel, located at 488 IL Route 116 in Germantown Hills, Illinois (zip code 61548), presents a significant development opportunity. The property boasts substantial frontage on the four-lane paved IL Route 116, offering excellent visibility and accessibility. Zoned for commercial use, this land is ideal for a variety of projects, including retail establishments or multifamily/senior housing developments. The property's APN is 08-28-301-043. Public sewer is available. The seller is willing to consider dividing the property, making it suitable for smaller-scale projects as well. This is one of the last remaining large commercial acreage tracts in the area. The location offers significant advantages, including access to a major thoroughfare and the potential for village incentives. This is a rare opportunity to acquire a substantial piece of land in a desirable location with excellent development potential. The property is individually owned. Consider the possibilities this prime location offers for your next commercial venture.

Property profile

Verified
Property type Land
Lot 17.6 ac (766,656 SF)

Cap rate & NOI

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

Location

488 Il-116 GERMANTWN HLS, IL 61548
GERMANTWN HLS metro
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Value estimations

Realmo proprietary · 4 methods
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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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