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    OFF-MARKET
    Mixed-use properties

    0 Hwy 40 & Commerce Ln, Highland, IL 62249

    1,131,253 SF 0.8 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional offering presents a unique opportunity to acquire shovel-ready land parcels in Highland, Illinois, ideally situated near major transportation arteries and amenities. The property encompasses a total of 1,131,253 square feet across various lot sizes ranging from 0.8 to 26 acres. Underground utilities, roads, and water detention are already in place, significantly reducing development time and costs. The land is zoned for industrial use, allowing for a diverse range of development possibilities, including office, flex/warehousing/distribution, retail, and service centers. Strategic location offers easy access to St. Joseph's Hospital (1.5 miles) and Interstate 70 (5.5 miles). Build-to-suit and leaseback options are available. Pricing varies by lot size, ranging from $1.90 to $5.95 per square foot. Specific lot sizes and pricing are as follows: Lots 1-4 (17 acres, $1.90/sf), Lots 5-6 (4.9 acres, $5.95/sf), Lots 8-9 (2.47 acres, $4.50/sf), Lot 10 (0.8 acres, $3.00/sf), and Lot 11 (0.8 acres, $3.00/sf). The property is vacant and ready for immediate development. This is an unparalleled opportunity for investors and developers seeking a prime location with significant upside potential. The APN is 01-1-24-06-00-000-004.001. The property is held under single ownership.

    Property profile
    Verified
    Property type Mixed-use properties
    Total area 1,131,253 SF
    Lot 0.8 ac (34,848 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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