540 Hanover St New Baden, IL 62265
This exceptional 0.74-acre commercial lot presents a unique investment opportunity in the thriving town of New Baden, Illinois. Located at 540 W Hanover St, this property boasts a highly desirable location at the corner of Highway 161 and Weatherholt, offering excellent visibility and accessibility. Its proximity to Interstate 64 (less than half a mile away on the west side of New Baden) ensures convenient access for customers and employees. The lot is zoned for Commercial Business use and includes all necessary utilities, simplifying the development process. The asking price is $115,000, translating to a land value of $3.57 per square foot. The property's APN is 10-13.0-207-003. This strategic location and readily available utilities make this a prime site for a variety of commercial ventures. Don't miss this chance to secure a valuable piece of commercial real estate in a growing community. Act quickly, as opportunities like this are rare.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
3 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.