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    OFF-MARKET
    Land

    1 Clarendon Ct, Savoy, IL 61874

    0.5 ac lot
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Land
    Lot 0.5 ac (21,780 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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