000 Us Highway 51, De Soto, IL 62924
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.
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
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.