1677 Smokey RdAvon, IL 61415

Property Details for 1677 Smokey Rd

Lot size

5.31 AC

Property type

Investment properties

Property subtype

Live-work space

APN

01-01-05-400-005

APU

10105400005

Description

This exceptional 5-acre property in Avon, Illinois, presents a unique investment opportunity, blending residential comfort with significant commercial potential. The main residence features five spacious bedrooms and two full bathrooms, offering ample living space. Two interconnected heated and cooled warehouse/workshop buildings totaling over 5,400 square feet provide extensive space for business operations or hobbies. These buildings include two convenient loading docks, ideal for storage, shipping, and receiving. A separate 12x15 finished building, complete with a sleeping loft, offers versatile use as a guest house, office, or studio. Located at 1677 E Smokey Road, Avon, IL 61415, this property is priced at $375,000 and sits on a sizable 5-acre lot, providing ample room for expansion or future development. The property's combination of residential and commercial space makes it suitable for a variety of uses, from a family estate with a home-based business to a multi-faceted commercial venture. The existing infrastructure, including the heated and cooled workshops and the additional smaller building, minimizes upfront investment costs for immediate occupancy and operation. This versatile property offers a rare opportunity to combine living and working spaces in a single, expansive location. The property is zoned for commercial and warehouse use, offering flexibility for a wide range of business types. This is a truly unique opportunity to acquire a substantial property with significant potential for growth and return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $61,883,412

  6.5%

  $57,123,148

  7%

  $53,042,924

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,032,460

  Geo Method

  $18,032,460

• Alternative Use

  Use

  Valuation

  Residential

  $70,832,704

  Hospitality

  $64,882,376

  Educational

  $53,981,376

  Medical

  $55,837,880

  Retail

  $83,971,032

Location Insight

City

Avon

County

Fulton

State

Illinois

Latitude

40.7082

Longitude

-90.4123

CBSA code

37900

CBSA name

PEORIA, IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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