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    OFF-MARKET
    Land

    0 Il-54, Farmer City, IL 61842

    2.2 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap 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
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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