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    2701 Division St Diamond, IL 60416

    • Land
    • 1.15 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2701 Division St

    Lot size
    1.15 lot acres
    Property type
    Land

    Description

    This 1.15-acre commercial land parcel presents a unique investment opportunity in Diamond, Illinois. Located directly adjacent to a new 63,234 square foot Jewel-Osco grocery store slated to open in Fall 2024, this property benefits from high visibility and significant foot traffic. The outlot is situated at a signalized intersection just west of a full interchange with Interstate 55, boasting a high daily traffic volume of 31,800 vehicles. This strategic location offers exceptional exposure for a variety of commercial uses, capitalizing on the substantial draw of the new Jewel-Osco. The property is delivered in a rough-graded condition, with utilities conveniently stubbed to the parcel, and off-site detention already in place, simplifying development and reducing upfront costs. Zoned B3 Service Business District, this parcel is ready for immediate development, making it an ideal location for businesses seeking high visibility and convenient access to a major highway and a thriving grocery store anchor. The property's address is 2701 E Division St, Diamond, IL 60416, within Grundy County.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Diamond
    County
    Grundy
    State
    Illinois
    Longitude
    -88.2467
    Latitude
    41.2886

    Comparable in this City

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    • Value Estimation by Request
      2,520 SF

      3rd Ave

      COMMERCIAL (GENERAL) • 2,520 SF
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    2701 Division St
    Diamond, IL 60416
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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