121 Ashland St Morton, IL 61550
This exceptional 1-acre commercial land parcel presents a rare development opportunity in the thriving town of Morton, Illinois. Located at 121 W Ashland Street, this property boasts a highly desirable B-3 (General Commercial) zoning designation, allowing for a wide range of commercial uses. Its strategic location offers unparalleled visibility and accessibility, situated in a high-traffic retail area adjacent to Lakewood Park/Pond. The property benefits from its proximity to major roadways, including convenient access to I-74 Interstate Exit into town, ensuring excellent connectivity for potential businesses and customers. Surrounding businesses include well-established national chains such as Dunkin', Enterprise Truck Rental, Best Western/Morton Inn, Taco Bell, and Circle K, creating a vibrant and attractive commercial environment. This ready-for-development site presents an exceptional investment opportunity for entrepreneurs and developers seeking a prime location in a growing community. The asking price for this remarkable property is $299,900. Don't miss this chance to secure a piece of Morton's thriving commercial landscape. The property is located in Tazewell County, Illinois, with a zip code of 61550. Its coordinates are 40.6258087 latitude and -89.4645646 longitude.
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
Similar Nearby for Lease
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.