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    000 Us Highway 51, De Soto, IL 62924

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    Property summary
    AI-generated overview

    This exceptional 27.14-acre property in De Soto, Illinois, presents a rare investment opportunity. Located on US Highway 51 North, this land boasts approximately 1,018 feet of road frontage, offering excellent visibility and accessibility. A survey reveals a mix of partially cleared and wooded areas, enhanced by the presence of a lake. While the lake is shared with neighboring properties via their lakefront access, this expansive parcel provides ample space for development. Preliminary research suggests the availability of Ameren electricity and potential access to De Soto city water; however, verification with utility companies is recommended. The property's location offers a peaceful country setting while remaining conveniently close to Carbondale and other nearby communities, approximately 15 minutes away. Note that a neighboring property utilizes a small portion of this land for driveway access, but no formal easement exists. This versatile land is ideal for multiple residential builds, making it a highly attractive prospect for developers or those seeking a substantial rural property. The property is priced at $259,000. The zip code is 62924.

    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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