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Property profile & analytics
OFF-MARKET
Land

1660 Us-24 Paloma, IL 62359

4.68 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 4.68 ac (203,861 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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CAP Approach CAP
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Comparable Approach Comparable
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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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