0 Il-54, Farmer City, IL 61842
This exceptional 2.2-acre commercial/industrial land parcel presents a unique investment opportunity in the thriving Central Illinois growth district. Strategically located at the north end of the Interstate 74 exit in Farmer City, Illinois, this property boasts unparalleled accessibility with a high daily traffic count of 21,000 vehicles. Its ideal position places it midway between the bustling Champaign-Urbana and Bloomington-Normal metropolitan areas, ensuring significant exposure and convenient access for businesses. The property is zoned for commercial use and benefits from readily available utilities on-site. The lot's design accommodates semi-trucks, thanks to a convenient road extension. This site is particularly attractive due to its proximity to planned multifamily and commercial developments, promising a vibrant and growing neighborhood. The property is offered as a fee simple ownership, providing complete control and long-term investment potential. This is a rare chance to acquire a well-situated, ready-to-develop parcel in a rapidly expanding area of Central Illinois. The asking price is $143,748. The address is IL-54, Lot D, Farmer City, IL 61842, in De Witt County.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.