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1001 W Morton Ave - Jacksonville Development Parcel 1.24 Acres of Commercial Land Offered at $770,000 in Jacksonville, IL 62650



Investment Highlights
- Major Retail Corridor
- Prime Central Location
- Underserved Market with High Volume Tenants
- Development-ready commercial site with existing improvements removed.
Executive Summary
1001 W Morton Avenue presents a commercial land opportunity positioned along one of Jacksonville's most established retail corridors. The 1.24-acre site is available for sale and is being marketed for retail development, with the existing building reportedly demolished and the parcel prepared for redevelopment. Its location along West Morton Avenue places future users among a concentration of national retailers, restaurants, and daily-needs businesses that serve Jacksonville and the surrounding trade area.
The property benefits from frontage within a heavily developed commercial corridor that includes major retailers and restaurants, creating consistent consumer activity and strong visibility for future commercial uses. Nearby businesses include Walmart, The Home Depot, Walgreens, Ashley Furniture, Starbucks, Burger King, Subway, Dollar Tree, and numerous additional national brands. The surrounding retail environment supports a variety of potential commercial concepts seeking exposure to established consumer traffic patterns.
Jacksonville serves as the county seat of Morgan County and provides regional access via U.S. Route 67 and nearby Interstate 72 connections, supporting convenient access throughout Central Illinois. The parcel's central commercial location places it near shopping, dining, services, schools, and residential neighborhoods that contribute to the area's ongoing retail demand.
The property is located within a designated Opportunity Zone. Qualifying investments may be eligible for applicable Opportunity Zone tax benefits. With a development-ready site, established retail surroundings, and a prominent commercial address, the property offers a straightforward path for users or investors pursuing new commercial development.
The property benefits from frontage within a heavily developed commercial corridor that includes major retailers and restaurants, creating consistent consumer activity and strong visibility for future commercial uses. Nearby businesses include Walmart, The Home Depot, Walgreens, Ashley Furniture, Starbucks, Burger King, Subway, Dollar Tree, and numerous additional national brands. The surrounding retail environment supports a variety of potential commercial concepts seeking exposure to established consumer traffic patterns.
Jacksonville serves as the county seat of Morgan County and provides regional access via U.S. Route 67 and nearby Interstate 72 connections, supporting convenient access throughout Central Illinois. The parcel's central commercial location places it near shopping, dining, services, schools, and residential neighborhoods that contribute to the area's ongoing retail demand.
The property is located within a designated Opportunity Zone. Qualifying investments may be eligible for applicable Opportunity Zone tax benefits. With a development-ready site, established retail surroundings, and a prominent commercial address, the property offers a straightforward path for users or investors pursuing new commercial development.
Property Facts
| Price | $770,000 | Property Subtype | Commercial |
| Sale Type | Owner User | Proposed Use | Retail |
| No. Lots | 1 | Total Lot Size | 1.24 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $770,000 |
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Retail |
| Total Lot Size | 1.24 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $770,000 | Lot Size | 1.24 AC |
| Price Per AC | $620,967.74 |
| Price | $770,000 |
| Price Per AC | $620,967.74 |
| Lot Size | 1.24 AC |
Prime Retail Location available for Sale or Ground Lease in Jacksonville, IL. Neighboring retail and restaurant tenants are top 10 locations in the state of IL per Placer AI. Building has been demolished so pad is ready for development.
Description
Prime Retail Location available for Sale or Ground Lease in Jacksonville, IL. Neighboring retail and restaurant tenants are top 10 locations in the state of IL per Placer AI.
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 09-29-101-032 | Improvements Assessment | $66,740 |
| Land Assessment | $125,990 | Total Assessment | $192,730 |
Property Taxes
Parcel Number
09-29-101-032
Land Assessment
$125,990
Improvements Assessment
$66,740
Total Assessment
$192,730
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1001 W Morton Ave - Jacksonville Development Parcel

