11478 Imhoff Ln Johnston City, IL 62951-2647
This exceptional 41.47-acre commercial land parcel presents a unique investment opportunity in Johnston City, Illinois. Strategically located at the northwest corner of I-57 exit 59, this property boasts over 660 feet of frontage on the recently expanded six-lane highway, experiencing over 40,000 vehicles daily. Its proximity to Marion, IL (five minutes north) and the newly opened Walker's Bluff Casino & Convention Center (approximately 20 minutes west) ensures high visibility and accessibility. Currently zoned B-2 Primary Business District, the property offers flexibility for various commercial developments, including truck stops, hotels, restaurants, or strip malls. All city utilities are available, and TIF incentives may be accessible. The property includes a modern two-story brick building currently utilized as showroom and office space. The seller is willing to divide and sell or lease portions of the land, catering to diverse development needs. This prime location and versatile offering make this an exceptional opportunity for significant commercial growth. The address is 11478 Imhoff Lane, Johnston City, IL 62951. Asking price is $8,916,050.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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.