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    OFF-MARKET
    Commercial real estate

    2004 2Nd St, Fayetteville, IL 62258

    1 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity encompasses a substantial 1-acre commercial property located at 2004 2nd Street, Fayetteville, Illinois. The property boasts an impressive 283 feet of frontage along Illinois Route 15, ensuring high visibility and accessibility for any business. This strategic location offers significant potential for a variety of commercial ventures. The sale includes six separate parcels (19-08.0-118-008, 19-08.0-118-019, 19-08.0-118-012, 19-08.0-118-011, and 19-08.0-118-010), providing a diverse range of development possibilities. The land is comprised of three residential lots and five commercial lots, presenting a unique opportunity for mixed-use development or individual lot sales. The asking price for this expansive property is $350,000. This is a rare chance to acquire a significant land holding in a desirable location with excellent road frontage, making it an ideal investment for both established businesses and new ventures seeking a strong foothold in the Fayetteville market. Don't miss this chance to secure a prime piece of Fayetteville real estate.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 1 ac (43,560 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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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