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Property profile & analytics
OFF-MARKET
Land

8990 B Millbrook Rd Newark, IL 60541

12.25 ac lot
Property ID
Property summary
AI-generated overview

This 12.25-acre property in Newark, Illinois, offers a unique blend of rural living and recreational opportunities. The property includes a 4-bedroom, 2-bathroom farmhouse with over 2300 square feet of living space, featuring a fireplace, large deck, and recently updated interior and exterior, including a new roof in 2022. Multiple outbuildings enhance the property's versatility: a one-car detached garage (requiring a garage door and some TLC), a 15x30 two-story workshop suitable for conversion into a guest house, an original barn, and a newer 20x30 pole barn with three stalls, a tack room, and concrete flooring. The land itself boasts a creek, wooded areas with trails ideal for walking, riding, or ATV use, and ample wildlife. A cleared area behind the barn presents possibilities for a pasture or arena. Located between Yorkville and Newark, off Route 71, this R1-zoned property allows for animals, making it perfect for a primary residence or a weekend retreat. The property's APN numbers are 04-22-100-005 and 04-15-300-013. The asking price is $500,000.

Property profile
Verified
Property type Land
Lot 12.25 ac (533,610 SF)
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
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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