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    OFF-MARKET
    Land

    5511 Us-12, Richmond, IL 60071

    3 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 3-acre commercial land parcel presents a unique investment opportunity in Richmond, Illinois. Located at the highly visible southeast corner of State Route 31 and US Route 12, this property boasts unparalleled visibility and accessibility. The site benefits from exceptionally high daily traffic counts, with approximately 11,900 vehicles passing on US Route 12 and 6,700 on State Route 31 daily. This strategic location offers significant potential for a variety of commercial uses. The property is zoned Business and is serviced by city water and sewer utilities, simplifying development. An existing landscape tenant will be vacating, making this a blank canvas for your vision. The surrounding area is densely populated, with approximately 50,000 households and 131,509 people within a 10-mile radius, ensuring a robust customer base. While this listing focuses on the 3-acre parcel priced at $485,000, additional acreage is available at $145,000 per acre. The total available land encompasses 27.7 acres (25.1 net acres). A detailed land survey is available upon request. This is a rare opportunity to acquire a prime commercial property in a thriving location with excellent infrastructure and high traffic counts. Don't miss this chance to secure your place in this dynamic market.

    Property profile
    Verified
    Property type Land
    Lot 3 ac (130,680 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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