Property profile

0 Us Highway 40 Troy, IL 62294

OFF-MARKET
Land
2.05 ac lot
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Property summary

AI-generated overview

This exceptional 2.05-acre commercial land parcel presents a remarkable development opportunity in Troy, Illinois. Strategically located on East US Highway 40, this property boasts a highly desirable C-3 Highway Commercial zoning designation, allowing for a wide range of commercial uses. The site's convenient location offers excellent visibility and accessibility, situated near Triad High School and just two miles from the crucial I-55/70 interchange (Exit 17). Priced at $267,900, or $3 per square foot, this represents a compelling investment opportunity. The land's total area is 2.05 acres, providing ample space for various development projects. The property's APN is 09-1-22-09-20-402-007.001. Its proximity to major transportation arteries ensures easy access for customers and employees, making it an ideal location for businesses seeking high visibility and convenient access. This prime commercial land offers significant potential for growth and return on investment. Don't miss this chance to secure a valuable asset in a thriving area. The property is located in Madison County, Illinois, with a zip code of 62294. The latitude and longitude coordinates are 38.7177781 and -89.8746839 respectively. While the listing mentions a smaller, adjacent 1.35-acre parcel, this listing focuses solely on the 2.05-acre site.

Property profile

Verified
Property type Land
Lot 2.05 ac (89,298 SF)

Cap rate & NOI

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

Location

Us Highway 40 Troy, IL 62294
Troy metro
Google Maps

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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