0 2Nd St, Gorham, IL 62940
This exceptional 11,200 sq ft lot, located at the high-traffic intersection of Main and 2nd Streets in Gorham, Illinois (zip code 62940), presents a unique mixed-use development opportunity. Boasting 80 feet of frontage on Main Street and 140 feet on 2nd Street, this .26-acre parcel (APN 13-30-330-029) offers unparalleled visibility. The property is zoned for multifamily, residential, and commercial uses, providing flexibility for a variety of development projects. With a fee simple ownership and ample parking (5 spaces per 1,000 sq ft), this prime location in Jackson County is ideal for investors seeking high-return potential. The asking price is $11,999, and owner financing is available. This is a rare chance to acquire a highly visible corner lot in a growing area. Don't miss this opportunity to capitalize on the potential of this exceptional property.
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.