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    505 Dunlap Ave Savoy, IL 61874

    • Commercial real estate
    For Sale
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US28-3277866
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Jackson Hewitt Tax Service / Tax Preparation / Tax Consultant
    • Walmart Photo Center / Photo Shop / Digital Printer
    • Western Union / Money Transfer Service
    • MoneyGram / Money Transfer Service
    • Walmart Home Services / Home Help Service Agency

    Property Details for 505 Dunlap Ave

    Property type
    Commercial real estate
    APN
    292601151009
    APU
    292601151009

    Description

    This exceptional 19-acre commercial land parcel presents a unique investment opportunity in Savoy, Illinois. Located at 505 S Dunlap Ave, 61874, this property boasts a C-3 Heavy Commercial zoning designation, offering significant development potential. Its prime location is immediately adjacent to a Walmart, ensuring high visibility and convenient access for any commercial venture. The expansive lot size provides ample space for a variety of uses, from large-scale retail establishments to industrial facilities. The property's address is 505 S Dunlap Ave, Savoy, IL, within Champaign County. The precise coordinates are latitude 40.0495686 and longitude -88.2570311. This strategically positioned land offers unparalleled access to a substantial consumer base and excellent transportation links. The property is being offered for sale by owner, providing a direct and efficient transaction process. Serious inquiries are encouraged to explore the possibilities this exceptional commercial land parcel presents. The sale is subject to the terms and conditions outlined in the final purchase agreement. This is a rare opportunity to acquire a significant commercial land holding in a thriving Illinois community.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Savoy
    County
    Champaign
    State
    Illinois
    Longitude
    -88.2554
    Latitude
    40.0488
    CBSA code
    16580
    CBSA name
    CHAMPAIGN-URBANA, IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $346,338
    $1,364,830
    $2,835,350
    $4,200,180
    -
    $4,094,490
    $8,506,050
    $12,600,540

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    505 Dunlap Ave
    Savoy, IL 61874
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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