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Property profile & analytics
OFF-MARKET
Land

121 Ashland St Morton, IL 61550

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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