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Property profile & analytics
FOR SALE
Grocery and convenience stores

603 South Prairie View Rd Mahomet, IL 61853

2,640 SF 0.99 ac lot
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US28-1755363
Property summary
AI-generated overview

This 0.99-acre commercial land parcel in Mahomet, Illinois, presents a compelling investment opportunity. Located at 603 South Prairie View Road, this property boasts a strategic position roughly two blocks north of Interstate 74 and directly across from a Dollar General store. The site includes an existing 3,120 square foot building, offering potential for immediate use or redevelopment. Currently zoned R1-A, the Village of Mahomet anticipates a zoning change request from a future buyer, given the predominantly commercial zoning of the surrounding area. This location benefits from a blend of commercial businesses and residential neighborhoods, creating a dynamic and accessible environment. The property is being sold "as is" and includes a limited number of usage restrictions. The APN is 15-13-13-300-002. This property's proximity to Interstate 74 and the existing building provide significant advantages for a variety of commercial ventures. Serious inquiries are encouraged to explore the potential of this well-situated land parcel.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Total area 2,640 SF
Lot 0.99 ac (43,124 SF)
APN 151313300002
UPID US28-1755363
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$470k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$485k
Owner & transaction history
Macs Convenience Stores LLC · 5 yrs held
Macs Convenience Stores LLC
since 2021
Last sale
$449,000
3 recorded transactions
2021
$449,000
2001
$13,000
2001
$946,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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