Property profile

0 Madison Ave & Hedge Rd Roxana, IL 62084

OFF-MARKET
Land
35.8 ac lot
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Property summary

AI-generated overview

This exceptional 35.8-acre commercial land parcel is strategically located in Roxana, Illinois, at the intersection of Madison Avenue and Hedge Road (APN: 18-1-14-01-00-000-007 / 18-1-14-01-00-000-007.001), offering significant development potential. The property is zoned for agricultural use, presenting a unique opportunity for various commercial ventures. The asking price is $1,432,000, translating to a competitive $40,000 per acre. Existing utilities include water, electricity, and natural gas; however, sewer extension will be required. The property's location near Route 255 provides convenient access and high visibility. Furthermore, there's a possibility of extending the enterprise zone to encompass this land, subject to city approval. Interested parties should contact the city of Roxana to discuss enterprise zone extension eligibility. This expansive tract presents a rare chance to acquire a substantial land holding in a desirable location with potential for significant return on investment. The property's size and location make it ideal for a variety of commercial uses, pending necessary approvals and permits.

Property profile

Verified
Property type Land
Lot 35.8 ac (1,559,448 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Madison Ave & Hedge Rd Roxana, IL 62084
Roxana metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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