Property profile

66 Corvette Dr Litchfield, IL 62056

OFF-MARKET
Land
1 ac lot
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Property summary

AI-generated overview

This exceptional commercial land offering encompasses 66 acres of prime developable land, strategically positioned in Litchfield, Illinois, along Route 66. The property features 18 lots zoned C-2 Commercial, providing ample opportunity for diverse development. Its highly visible location directly off I-55, Exit 52, boasts an impressive 25,600 average daily traffic count, ensuring significant exposure for any business. The site benefits from its inclusion within a Tax Increment Financing (TIF) district and an Enterprise Zone, offering attractive incentives for developers. This location is already home to several established national retailers and restaurant/hotel chains, including Walmart, Aldi, and Dollar Tree, creating a thriving commercial environment. The property's APN numbers are 10-32-100-010, 10-32-100-014, 10-32-100-015, 10-32-300-030, 10-32-300-032, 10-32-300-035, 10-32-300-050, 10-32-301-001, 10-32-351-003, and 10-32-357-002. Land value ranges from $.75 to $1.95 per square foot. The address is 66 Corvette Dr, Litchfield, IL 62056, situated conveniently between St. Louis, Missouri, and Springfield, Illinois. This presents a unique opportunity to capitalize on a high-traffic location with significant development potential and attractive financial incentives.

Property profile

Verified
Property type Land
Lot 1 ac (43,560 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

66 Corvette Dr Litchfield, IL 62056
Litchfield metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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