Property profile

0 Il-54 Farmer City, IL 61842

OFF-MARKET
Land
2.2 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 2.2 ac (95,832 SF)

Cap rate & NOI

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

Location

Il-54 Farmer City, IL 61842
Farmer City 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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