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    Property profile & analytics

    1989 Old Naples Rd Meredosia, IL 62665-7261

    • Industrial properties
    • 62.67 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jul 13, 2023
    Location Intelligence
    Property ID
    US28-3569877
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 1989 Old Naples Rd

    Lot size
    62.67 lot acres
    Property type
    Industrial properties
    APN
    01-28-200-004
    APU
    128200004

    Description

    This exceptional 241.14-acre commercial and industrial land parcel presents a remarkable investment opportunity in Meredosia, Illinois. Located at 1989 Old Naples Road, this property boasts Industrial zoning and is ideally suited for a variety of large-scale ventures. Its strategic location offers convenient access to major transportation arteries, including Interstate 72, just 13.3 miles away, and proximity to Springfield, IL, and St. Louis, MO. The site's significant advantage lies in its connection to a high-capacity power grid boasting a reported 355 MW capacity, making it exceptionally well-suited for renewable energy projects. Potential uses include solar farms, battery storage facilities, hydrogen plants, data centers, cryptocurrency mining operations, or industrial/manufacturing facilities. The property is owner-operated, offering a streamlined acquisition process. With robust infrastructure and readily available public utilities, this site is ready for immediate development, presenting a unique chance to capitalize on the growing renewable energy sector and establish a significant presence in a strategically advantageous location. The property's substantial size and prime location make it an exceptional opportunity for long-term growth and profitability. This is a rare chance to secure a large-scale development site with exceptional infrastructure and connectivity.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Meredosia
    County
    Morgan
    State
    Illinois
    Longitude
    -90.5698
    Latitude
    39.8137
    CBSA code
    27300
    CBSA name
    JACKSONVILLE, IL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $9,927
    $96,200
    $18,790
    $114,990
    -
    $288,600
    $56,370
    $344,970

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    Meredosia, IL 62665-7261
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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