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    OFF-MARKET
    Land

    0 Garden Prairie Rd, Garden Prairie, IL 61038

    100 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 100-acre commercial land parcel presents a unique investment opportunity in Boone County, Illinois. Located near Garden Prairie, between Belvidere and Marengo, just south of US Highway 20, this property offers significant potential. The land is currently zoned for agricultural use, providing flexibility for various commercial ventures. While the total acreage is 100 acres, the property includes approximately 112 acres of tillable land, with the remaining acreage wooded. The Productivity Index (PI) on the tillable land is approximately 121, based on Surety information. The property is currently leased for the 2024 crop year, providing immediate income potential. Beyond agricultural uses, the property also boasts excellent hunting opportunities, adding further value and appeal. The asking price is $1,794,467, translating to $10,900 per acre. The property's location offers convenient access to major transportation routes, making it an attractive option for a range of commercial developments. The APN is 0801200003. This is a rare opportunity to acquire a substantial land holding in a desirable location with diverse potential uses.

    Property profile
    Verified
    Property type Land
    Lot 100 ac (4,356,000 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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