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Property profile & analytics
OFF-MARKET Estimated value $815,000
Commercial real estate

1601 Evergreen Ave Effingham, IL 62401

1.5 ac lot
Individually Owned 1-yr Hold Free & Clear
Property ID
US28-5162394
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.5 ac (65,340 SF)
APN 03-11-019-124
UPID US28-5162394
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$815k
Owner & transaction history
Parjit Singh · 1 yrs held
Parjit Singh
since 2025
Last sale
$816,000
2 recorded transactions
2025
$816,000
2017
$100,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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