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    OFF-MARKET
    Retail properties & Spaces

    2150 Us-12, Spring Grove, IL 60081

    2.8 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.8-acre commercial land parcel in Spring Grove, Illinois, presents a remarkable infill development opportunity. Situated at the intersection of Short Street and US-12, this property boasts a highly visible location on a major thoroughfare with an impressive 12,000 vehicles passing daily, according to IDOT data. The site comprises six parcels (APN: 04-25-279-008,009,016,017,018,019) totaling 2.8 acres and is zoned B2, making it ideal for a variety of commercial uses. A proposed development could include a 4-6 unit retail center with a potential outlot. This is a unique opportunity to capitalize on a prime location in a thriving community. All six parcels must be purchased together. City water is available approximately 850 feet from the site, and sewer access is already in place. The asking price for this exceptional property is $795,000.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Lot 2.8 ac (121,968 SF)
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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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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