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    OFF-MARKET
    Land

    66 Corvette Dr, Litchfield, IL 62056

    1 ac lot
    Property ID
    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
    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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