488 IL Route 116, Germantown Hills, IL 61548 | PA1232923 | Mel Foster Brokerage, LLC

488 IL Route 116 $595,000


    488 IL Route 116 Germantown Hills, IL 61548

    • 17.60 Acres
    • Commercial
    • MLS# PA1232923
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    Views: 34 Days On Site: 127

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    Property Details

    Last true commercial acreage with significant frontage on Rt. 116. Village incentives. Seller would consider dividing the property. Ideal for retail or multifamily/senior development.

    • General Features
      • Annual Tax Amount 4386.14
      • Current Use Commercial, Residential
      • Location Suburban
      • Ownership Type Individual
      • Tax Year 2021
      • Zoning Commercial
    • Property Features
      • Frontage Type Inside Lot,Other,Paved 4Lane,State Road
      • Lot Features LevelSlopedUnknown
      • Lot Size Acres 17.6
      • Lot Size Dimensions 1789 x 628 x 1743 x 229
      • Sewer Public Sewer
      • Utilities Electric to Site,Gas to Site,Sewer Connected,Water Connected
      • Water Source Municipal/City


    • Mel Foster Insurance


    61548 (Germantown Hills) Demographics

    42 Median Age
    150 Population Density (per sq. mile)
    59% College Educated
    $96,996 Estimated Median Income
    3,858 Estimated Total Home Owners
    559 Estimated Total Renters
    87% / 13% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    11,966 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $262,500 Median Sales Price
    16 Homes Sold
    18 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $595,000
        4/5/2022 2:40:00 PM New in Database Source: Multiple Listing Service New Value: $595,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.