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    OFF-MARKET
    Land

    0 2Nd St, Gorham, IL 62940

    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    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
    AI Approach AI
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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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