5510 Kenosha St, Richmond, IL 60071
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.
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
Similar Nearby for Sale
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.