1677 Smokey Rd Avon, IL 61415-8904
- Investment properties
- 5.31 lot acres
Current Use by Public Records
- Investment properties
Property Details for 1677 Smokey Rd
- Lot size
- 5.31 lot acres
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 01-01-05-400-005
- APU
- 10105400005
Description
This exceptional 5-acre property in Avon, Illinois, presents a unique investment opportunity, blending residential comfort with significant commercial potential. The main residence features five spacious bedrooms and two full bathrooms, offering ample living space. Two interconnected heated and cooled warehouse/workshop buildings totaling over 5,400 square feet provide extensive space for business operations or hobbies. These buildings include two convenient loading docks, ideal for storage, shipping, and receiving. A separate 12x15 finished building, complete with a sleeping loft, offers versatile use as a guest house, office, or studio. Located at 1677 E Smokey Road, Avon, IL 61415, this property is priced at $375,000 and sits on a sizable 5-acre lot, providing ample room for expansion or future development. The property's combination of residential and commercial space makes it suitable for a variety of uses, from a family estate with a home-based business to a multi-faceted commercial venture. The existing infrastructure, including the heated and cooled workshops and the additional smaller building, minimizes upfront investment costs for immediate occupancy and operation. This versatile property offers a rare opportunity to combine living and working spaces in a single, expansive location. The property is zoned for commercial and warehouse use, offering flexibility for a wide range of business types. This is a truly unique opportunity to acquire a substantial property with significant potential for growth and return on investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $225,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $215,000
- 6.5%
- $260,000
- 7%
- $230,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $265,000
- Geo Method
- $260,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $250,000
- Retail
- $210,000
- Mixed-Use
- $245,000
- Hospitality
- $240,000
- Educational
- $220,000
- Residential Income
- $190,000
- Energy
- $200,000
- Income-Based Land
- $245,000
- Food Service
- $235,000
Location Insight
- Map
- Local Demand
- City
- Avon
- County
- Fulton
- State
- Illinois
- Longitude
- -90.4123
- Latitude
- 40.7082
- CBSA code
- 37900
- CBSA name
- PEORIA, IL METROPOLITAN STATISTICAL AREA