Property profile

2806 Andrew Rd Sherman, IL 62684

OFF-MARKET
Commercial land
Property ID
US28-2854369
1.7 ac lot
Entity Owned 8-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 3.64-acre commercial lot, located at 2806 E Andrew Rd in Sherman, Illinois (zip code 62684), presents a unique investment opportunity. The property features a small existing building totaling 4 square feet, offering flexibility for immediate use or potential redevelopment. The single-tenant structure sits on a spacious lot, providing ample room for expansion or future development. Situated in Sangamon County, this location benefits from a vibrant community atmosphere with convenient access to local amenities. Nearby attractions include the Sherman Village Hall, providing easy access to government services, and various dining establishments such as JJ's Pub. For recreational activities, Veterans Memorial Park and Sackett's Turkey Creek Nature Preserve offer nearby tranquil escapes. This strategic location perfectly blends business and leisure, making it an attractive proposition for businesses seeking a comfortable and accessible setting. The property's size and location make it suitable for a variety of commercial uses, offering significant potential for growth and return on investment. The property is zoned for commercial use. Further details on zoning and potential uses are available upon request.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.7 ac (74,052 SF)
APN 06-25.0-426-001
UPID US28-2854369

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Pediatrician Physician
  • Physician

Location

2806 Andrew Rd Sherman, IL 62684-9517
Sherman metro Census 3701 SPRINGFIELD, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2018
2 recorded transactions
2024
Price N/A
2018
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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