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Durand 61024
1008 Cameron Drive
$15,000
● Land - Off Market

1008 Cameron Drive

Durand, IL 61024
bedrooms
Studio
bathrooms
0 Bath
$130
Est. Monthly

About This Property

This vacant 1/2-acre lot ready for commercial use.  Desirable location, near downtown Duran. The lot is level and clear, ready for construction, with easy access from the main road. Utilities such as water, sewer, and electricity are conveniently available.  Make this location the home of your new business today.
Unit Size
-
Days on Market
-
Land Size
0.49 acres
Price per sqft
-
Property Type
Land
Property Taxes
$56
HOA Dues
-
Year Built
-

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MRED MLS #12289959)

Price History

Date / Event Date Event Price
Mar 20, 2025 Sold
Premium
Sold
Feb 26, 2025 In contract -
In contract
Feb 13, 2025 Listed by Berkshire Hathaway HomeServices American Heritage $15,000
Listed by Berkshire Hathaway HomeServices American Heritage

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,344
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: OTTER CREEK PLAT NO 3
  • Land Acres: 0000000490
  • Standard Land Use Code: 8002
  • County Land Use Code: 50
  • Legal Description 1: OTTER CREEK PLAT NO 3 PT SE1/4 SEC 15-28-10 (EXC W 61 FT) LOT 42

Neighborhood

  • School District Name: Durand Community Unit School District 322
  • Census Tract: 004100

Geography

  • Parcel: 05-15-402-014
  • Lot: 42
  • Meridian: SEC 15 TWN 28 RANGE 10
  • Municipality: DURAND
  • Latitude: 42.4241
  • Longitude: -89.3296

    Address

  • Full Address: 1008 Cameron Dr
  • Address - House Number: 1008
  • Address - Street Name: Cameron
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Durand
  • Carrier Code: R021
  • 4-Digit Zip Code: 9005
  • Zip Code: 61024

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 233

    Market Valuation

  • Market Total Value: $21,225
  • Market Land Value: $21,225

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $7,075
  • Assessed Land Value: $7,075

    Sales

  • Current Sale Contract Date: Nov 03, 2004
  • Current Sale Recording Date: Nov 03, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 476374
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Durand

Stats & Trends

Median Asking:

$257,000

Sale Price/ft²

$132

Below Asking

0.02%

Average Days on Market

38

Average Home Size

2371 ft²

Average Home Age

140.5 years

Currently For Sale

2 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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MRED

Listed by: Rosanna DeFrenza, Berkshire Hathaway HomeServices American Heritage
Last Updated: 2 years ago
Data Source: MRED, MLS# 12289959
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1008 Cameron Drive built and last sold?
The property at 1008 Cameron Drive was built in and last sold on Nov 3, 2004 for $27,500.
How much is this home worth?
The estimated value of the home located at 1008 Cameron Drive is $15,150.
What are some comparable homes to 1008 Cameron Drive?
There are currently no comparable homes to 1008 Cameron Drive.
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