Property profile

5511 Us-12 Richmond, IL 60071

OFF-MARKET
Land
3 ac lot
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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

Location

5511 Us-12 Richmond, IL 60071
Richmond metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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