Property summary
This exceptional 0.5-acre commercial lot in Savoy, Illinois, presents a unique investment opportunity. Located in a thriving business district near Champaign, this fee-simple property (APN 032036326048) is zoned for up to an eight-unit apartment building. The property's prime location offers easy access to major arterial roads and exceptional air transportation facilities. Its upscale neighborhood boasts abundant shopping, services, and restaurants. This site is ideal for developers seeking a significant project in a high-growth area and is particularly attractive to 1031 exchange buyers. Two additional adjoining plots are available for purchase separately or as a package deal, creating an expansive development opportunity. This combined property offers a chance to create a landmark investment in a flourishing district. The address is Lot 1 Clarendon Ct, Savoy, IL 61874. The asking price is $335,000.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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