0 Garden Prairie Rd, Garden Prairie, IL 61038
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.