1 Clarendon Ct, Savoy, IL 61874
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.