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Property profile

2150 Us-12 Spring Grove, IL 60081

OFF-MARKET
Retail properties & Spaces
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2.8 ac lot

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

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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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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