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    OFF-MARKET
    Land

    320 Hwy, Troy, IL 62294

    1.35 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional offering presents two distinct commercial development sites ideally situated along Highway 40 in Troy, Illinois. Both parcels are zoned C-3, Highway Commercial, ensuring a wide range of development possibilities. The western lot encompasses 1.35 acres and is priced at $176,500, while the eastern lot offers 2.05 acres for $267,900. Each lot boasts a land value of $3 per square foot. The properties are conveniently located near Triad High School and a mere two miles from the strategic intersection of Highways 40, 55, and 70 (Exit 17), providing unparalleled access and high visibility. With an average daily traffic count of 10,600 vehicles, these sites present a remarkable opportunity for businesses seeking high-traffic exposure. The property's APN is 09-2-22-09-20-402-031. This is a rare chance to acquire premier commercial land in a thriving location with excellent access to major transportation arteries. Don't miss this opportunity to secure your place in this dynamic market.

    Property profile
    Verified
    Property type Land
    Lot 1.35 ac (58,806 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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    CAP Approach CAP
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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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