488 Il-116, GERMANTWN HLS, IL 61548
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.
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.