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    OFF-MARKET
    Land

    0 Madison Ave & Hedge Rd, Roxana, IL 62084

    35.8 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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