1660 Us-24 Paloma, IL 62359
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.
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.