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    2 Clarendon Ct Savoy, IL 61874

    • Land
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2 Clarendon Ct

    Property type
    Land

    Description

    This exceptional investment opportunity presents a 0.5-acre commercial land parcel in Savoy, Illinois, located at Lot 2 Clarendon Ct, 61874. Currently vacant, this property is zoned for the development of up to an eight-unit apartment building. The site boasts a prime location near major arterial roads, offering convenient access to excellent air transportation facilities. Its upscale neighborhood is surrounded by numerous shopping options, high-quality service providers, and diverse restaurants. This property is ideal for 1031 exchange buyers seeking a substantial investment in a high-growth area. The offering includes the 0.5-acre lot, with the possibility of acquiring two additional adjoining plots (sold separately or as a package). This presents a unique chance to develop a comprehensive project in a thriving community. The combined properties offer a significant amount of prime real estate in a highly desirable location. This is a rare opportunity to create a landmark investment in a flourishing district.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Savoy
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2529
    Latitude
    40.0603

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      3 Clarendon Ct

      Land • 1.00 Acre
      3 Clarendon Ct, Savoy, IL 61874
      View Details
    • Value Estimation by Request

      103 Calvin St

      Land
      103 Calvin St, Savoy, IL 61874
      View Details
    • Value Estimation by Request
      0.50 Acres

      1 Clarendon Ct

      Land • 0.50 Acres
      1 Clarendon Ct, Savoy, IL 61874
      View Details
    • Value Estimation by Request

      Savoy, IL 61874

      VACANT COMMERCIAL LAND
      Savoy, IL 61874
      View Details
    • Value Estimation by Request
      1.52 Acres

      3885 1st St

      VACANT COMMERCIAL LAND • 1.52 Acres
      3885 1st St, Savoy, IL 61874
      View Details
    • Value Estimation by Request

      Savoy, IL 61874

      COMMERCIAL (GENERAL)
      Savoy, IL 61874
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Savoy Commercial Land Opportunity

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      Prime Commercial Land in Savoy, IL

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    Similar Nearby for Lease

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      1,600 SF

      Savoy Retail Space For Lease

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      Savoy Class A Office Space

      Class A office space featuring reception, offices, restroom, and kitchenette.
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      140,624 SF

      Savoy Plaza Retail Space Available

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    • $16 SF/Yr
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      Modern 1,200 SF office space with excellent visibility.
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    2 Clarendon Ct
    Savoy, IL 61874
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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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