Property profile

5510 Kenosha St Richmond, IL 60071

OFF-MARKET
Land
19,166 SF 0.43 ac lot
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Property summary

AI-generated overview

This exceptional 0.43-acre vacant land parcel presents a unique investment opportunity in the thriving downtown Richmond, Illinois area. Located at 5510 Kenosha Street, this property boasts desirable access from Illinois Route 173, east of the heavily trafficked intersection of Routes 12 and 173. Its strategic position offers significant visibility and accessibility, benefiting from the high volume of traffic along this major corridor connecting Chicago to the popular Lake Geneva and Chain of Lakes region. The lot is adjacent to business zoning on the west and south sides (across the street), providing considerable development potential. Richmond's vibrant downtown district, known for its antique shops, retail stores, and restaurants, creates a dynamic and attractive environment for businesses. This area is experiencing a notable business boom, fueled by the growth of vacation-style retail and businesses. The property's location also benefits from its proximity to the Hunter Country Club and Richmond Hunting Club, catering to a diverse clientele. The asking price for this exceptional property is $340,000. The total square footage is 19,166. This is a rare opportunity to acquire a strategically located parcel in a rapidly growing area with high potential for significant return on investment. Don't miss this chance to secure a piece of Richmond's burgeoning commercial landscape.

Property profile

Verified
Property type Land
Total area 19,166 SF
Lot 0.43 ac (18,731 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5510 Kenosha St Richmond, IL 60071
Richmond metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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