Financial
Distress signals
Property profile

2302 Hoffman Dr Effingham, IL 62401

OFF-MARKET
Commercial real estate
Property ID
US28-5161355
0.37 ac lot
Last sale Jul 2025
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 0.37-acre vacant land parcel presents a unique opportunity for residential development in Effingham, Illinois. Located at 2302 Hoffman Drive, this property boasts approximately 60 feet of road frontage, providing excellent accessibility. The lot is zoned M1, offering flexibility for various construction projects. With its generous size and prime location within Effingham County, this land is ideal for those seeking to build a new home or explore other development

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$159
Tax billed · 2023
Assessed value$2k
Assessed land$2k
Effective rate6.82%

Value estimate

· Sep 2026
$240k
$216k – $264k
AI approach$240k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$70/SF
ZIP average, outlier-cleaned · 127 recorded sales of this use type
Observed band · Q1–Q3$30 – $107

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionEFFINGHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant11.8
Law Firm11.2
Electrical Service10.5

Location

2302 Hoffman Dr Effingham, IL 62401-2838
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
401 4th, Effingham, IL 62401-3367 $408,000 Feb 2026 6,048 SF
301 Virginia, Effingham, IL 62401-2255 $325,000 Jan 2026 1,680 SF
709 Wabash, Effingham, IL 62401-2605 $11,800,000 Jan 2026 33,927 SF
1606 Fayette, Effingham, IL 62401-1917 $1,760,000 Dec 2025 23,044 SF
3rd, Effingham, IL 62401 $414,500 Dec 2025 N/A
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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