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Lot 1 River Bank Spring Valley, IL 61362 Land - Farm Active

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Description

Presenting an unparalleled commercial opportunity along the pristine banks of the Illinois River, where business innovation meets waterfront convenience. This exceptional property offers expansive space for barge tie-offs, a historic clubhouse, and river access setting the stage for a myriad of commercial endeavors. Envision your enterprise flourishing amidst the picturesque backdrop of flowing waters and panoramic river views. With its prime location and unique feature of barge parking, this property is tailor-made for businesses seeking efficient logistics solutions and unparalleled accessibility. Unlock the potential for a bustling waterfront commercial or agricultural hub, or a unique recreation destination. With ample room for barge parking, businesses can streamline operations, reduce transportation costs, and capitalize on the growing demand for waterfront amenities. Seize the opportunity to elevate your business to new heights with this prime riverfront property. There is a current assignable lease on the property through 7/31/2030 for conducting marine and barge operations including fleeting, switching, and mooring. Lease includes a 180 day cancellation by either party. Incentives may be available to the next owner through Enterprise Zone or Illinois Valley Port Authority. EM via certified funds payable to Coldwell Banker Real Estate Group.

Property Highlights

Property Type: Land - Farm
Total Acres: 11.16 Acres
Utilities: Electric to Site

General Information

County: Bureau
High School: Hall High School
Listed By:
Coldwell Banker Commercial Real Estate Group 630-844-2222
MRED MLS
$795,000
Est. $4,999/mo
Active
LOT SIZE 11.160 acres MLS#12479525
STATUSActive PROPERTY TYPELand - Farm SCHOOLDistrict 502

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Lot 1 River Bank, Spring Valley, IL 61362.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $795,000$795,000$795,000
Down Payment $159,000$27,825$198,750
Monthly Mortgage Amount $3,661$4,555$4,754
Taxes $1106$1106$1106
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$350$0
Monthly Estimated Total $4,999$6,243$6,092

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