Property profile

000 Hwy 51 Hwy Cobden, IL 62958

OFF-MARKET
Land
2.4 ac lot
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Property summary

AI-generated overview

This 2.4-acre farm is strategically located at the southwest corner of the intersection of Old Highway 51 (where a Dollar General is situated) and New Highway 51 in Makanda, Illinois. The property boasts a highly visible corner location on South Highway 51, easily accessible from Old Highway 51. While offering a rural feel, its location on a heavily trafficked state highway provides exceptional exposure. The proximity to a Dollar General and approximately an eighth of a mile from Unity Point School further enhances its appeal. A traffic light at this intersection ensures convenient access. The property is zoned as Carbondale Secondary Business, offering diverse development possibilities. The parcel number is 19-08-203-003, and the asking price is $149,900. This exceptional location presents a unique opportunity for businesses seeking high visibility and convenient access in a growing community. The property's address is 000 S Highway 51 Highway, Makanda, IL 62958.

Property profile

Verified
Property type Land
Lot 2.4 ac (104,544 SF)

Cap rate & NOI

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

Location

000 Hwy 51 Hwy Cobden, IL 62958
Cobden 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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