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    OFF-MARKET
    Land

    200 Main St, Roanoke, IL 61561

    2.37 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.37-acre commercial land parcel presents a unique investment opportunity in Roanoke, Illinois. Strategically located at 200 N. Main Street, this property boasts high visibility on the town's main thoroughfare, extending from E. Husseman Street almost to Elm Street. Its central location offers easy access to Route 24, a major route connecting Peoria to Chicago, placing your business within convenient reach of a larger market. The area is served by well-maintained streets, eliminating traffic congestion, and benefits from readily available city water and sewer services. Surrounding businesses include a diverse range of establishments, such as a pizza place, feed store, grocery store, car dealership, bakery, concrete products company, and a farm supply store, indicating a strong local economy and established community. The property's size and location make it suitable for a variety of commercial ventures. The Roanoke Village Board actively supports new businesses, creating a welcoming environment for entrepreneurs. Furthermore, Roanoke benefits from a dependable workforce encompassing both blue-collar and white-collar professionals, providing a solid foundation for business growth and success. This is a rare chance to acquire a prime commercial site in a thriving Illinois community. The asking price is $95,000. The property is zoned for commercial use (verification required).

    Property profile
    Verified
    Property type Land
    Lot 2.37 ac (103,237 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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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