Individually Owned Property summary
This unique investment opportunity in Lacon, Illinois presents a 2-acre property with significant potential for redevelopment or repurposing. The property, located at 1355 E State Route 17, includes three buildings constructed in 1986 and currently features thirteen units, originally configured as a motel. One unit offers two bedrooms, two bathrooms, and a full basement, ideal for an on-site owner or manager. The property also includes a large bar/restaurant/clubhouse area requiring… renovation or repurposing. The expansive 2-acre lot provides ample space for parking or future expansion. This property boasts an excellent location, overlooking the scenic Marshall County airport and situated less than a mile east of Lacon, Illinois, in Marshall County, zip code 61540. The asking price is $275,000. This presents a rare chance to acquire a substantial property with considerable upside in a desirable location. The property's versatility allows for a variety of uses, making it an attractive investment for both experienced and emerging developers. The existing infrastructure provides a solid foundation for a range of projects, from residential conversions to commercial ventures. The potential for significant return on investment is substantial, given the property's size, location, and the opportunity for creative redevelopment.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 4,692 SF
- Lot area
- 2 ac
- Year built
- 1986
- APN
- 05-31-201-001
- Assessed value · 2022
- $19,188
- Annual tax · 2022
- $391
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
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.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- NOI Potential
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- Alternative use
- Local Zoning Insight
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- Owner Contacts
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- NOI Potential
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- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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