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    OFF-MARKET
    Land

    5510 Kenosha St, Richmond, IL 60071

    19,166 SF 0.43 ac lot
    Property ID
    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
    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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