1601 Evergreen Ave Effingham, IL 62401
This exceptional 1.5-acre commercial land parcel presents a unique investment opportunity in Effingham, Illinois. Strategically located at 1601 W Evergreen Ave, this property boasts unparalleled visibility due to its adjacency to the I-57/I-70 corridor, a major transportation artery. The site benefits from high traffic counts, averaging 43,300 vehicles daily on the interstate and 31,000 on local routes (IL-32/33), with an additional 5,600 vehicles passing directly along W Evergreen Avenue. Zoned B-5 Highway Commercial District, this land is ideally suited for a variety of commercial uses. The property is designated as an Opportunity Zone, offering potential tax advantages for qualified investors. The asking price is $929,900, and the ownership is fee simple. Parcel numbers are 0311019124 and 0619201004. This is a rare chance to acquire a highly visible and strategically located commercial lot in a thriving area. Don't miss this opportunity to capitalize on the significant traffic volume and prime location.
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
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Property description
Physical attributes from public recordsZoning & alternative use
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.