This exceptional 34-acre property in Genoa, Illinois, presents a remarkable high-density residential development opportunity. Strategically located on State Highway 72, this Class A land boasts excellent visibility and accessibility, with a 2019 IDOT traffic count of 8,100 vehicles daily. Its prime location is adjacent to both commercial and residential areas, ensuring a thriving community setting. The property's Future Land Use Map designates it for high-density residential development, simplifying the approval process. Convenient access to I-90 via State Highway 23 interchange further enhances its appeal. The property benefits from existing city water and sanitary sewer lines at its edge, minimizing infrastructure costs. Included in the sale are existing buildings and a home situated on the land. The land itself is currently used for agriculture, featuring Class A soils (Danabrook, Elpaso, and Barony) with a Productivity Index of 137. The property's APN is 03-20-326-001 and 03-20-326-010. The Canadian Pacific Railway runs along the northern boundary. This is a rare opportunity to acquire a substantial parcel of land with significant development potential in a rapidly growing area. The asking price is $1,500,000. The property is offered fee simple.
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.