Property summary
This 2.32-acre commercial land parcel in Wapella, Illinois (APN 0703401006), is strategically located on US Highway 51 between Bloomington and Decatur. Boasting high visibility with approximately 10,000 vehicles passing daily, this Fee Simple property presents exceptional potential for various commercial ventures. Zoned R2, it offers ample space for development, including 18 existing parking spaces. Previously a successful nursery/flower shop, this site benefits from its established location and high traffic counts. The city of Wapella is actively seeking new businesses, making this an attractive opportunity for both large corporations and smaller enterprises. The property's address is 100 S 4th St, Wapella, IL 61777. This prime location offers a unique chance to establish a thriving business in a desirable area with strong growth potential. Serious inquiries are encouraged.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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