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    1660 Us-24 Paloma, IL 62359

    • Land
    • 4.68 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1660 Us-24

    Lot size
    4.68 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 4.68-acre property in Paloma, Illinois, presents a unique investment opportunity. Located at 1660 US-24, Adams County, zip code 62359 (approximate address), this versatile land parcel is zoned for agricultural, commercial, and residential uses. Currently utilized as farmland under a crop-share agreement generating approximately $1,700 annually for the owner, the land offers significant potential for development. The property is ideal for various projects, including manufactured home or modular home communities, single-family residential lots, or commercial ventures. City water and sewer are reportedly available, enhancing the development possibilities. The land is described as having three terraces. The sale includes 100% ownership. This is a prime building site with excellent potential for future growth and income. Serious inquiries only. Note that the property address is approximate.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Paloma
    County
    Adams
    State
    Illinois
    Longitude
    -91.1934
    Latitude
    40.0251

    Comparable in this City

    • Value Estimation by Request

      1633 Hwy 24

      COMMERCIAL (GENERAL)
      1633 Hwy 24, Paloma, IL 62359-2006
      View Details
    • Value Estimation by Request

      Paloma, IL 62359

      COMMERCIAL (GENERAL)
      Paloma, IL 62359
      View Details
    • Value Estimation
      $265,000
      5.01 Acres

      1587 Hwy 24

      COMMERCIAL (GENERAL) • 5.01 Acres
      1587 Hwy 24, Paloma, IL 62359-2021
      View Details
    • Value Estimation
      $300,000
      7.00 Acres

      1665 Hwy 24

      COMMERCIAL (GENERAL) • 7.00 Acres
      1665 Hwy 24, Paloma, IL 62359
      View Details
    • Value Estimation by Request

      1639 Hwy 24

      COMMERCIAL (GENERAL)
      1639 Hwy 24, Paloma, IL 62359-2034
      View Details
    • Value Estimation by Request
      0.95 Acres

      Paloma, IL 62359

      VACANT COMMERCIAL LAND • 0.95 Acres
      Paloma, IL 62359
      View Details
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    1660 Us-24
    Paloma, IL 62359
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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