251 & Richard Moyle Sr. Hwy, Oglesby, IL 61348
This exceptional 101.91-acre parcel presents a unique opportunity for industrial development in Oglesby, Illinois. Strategically located at the intersection of Illinois 251 and Richard Moyle Sr. Highway in LaSalle County, this property boasts a Light Industrial zoning designation, making it ideal for a variety of commercial and industrial uses. The site benefits from convenient access to major transportation arteries, including proximity to Interstate 39 (0.25 miles), Route 251 (0.25 miles), Route 71 (1 mile), and Interstate 80 (6 miles). Furthermore, the property is situated just 8 miles from the Illinois Valley Regional Airport, offering excellent logistical advantages. Infrastructure is already in place, with city water and sewer readily available. The property is situated within both an Enterprise Zone and a Tax Increment Financing (TIF) District, offering potential tax benefits and incentives for developers. A completed Alta survey is available, streamlining the due diligence process. Low city electric rates further enhance the cost-effectiveness of this prime location. This expansive tract offers significant potential for businesses seeking a well-connected and advantageous location for their operations. Don't miss this chance to acquire a substantial land holding in a thriving industrial area.
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
Similar Nearby for Sale
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.