For sale
$795,000
Est. $4,469/mo
Land
11.16
acres (lot)

Lot 1 River Bank, Spring Valley, IL 61362

About this home

Presenting a rare opportunity to acquire a working riverfront asset along the Illinois River, positioned for marine, logistics, and recreational use. This property offers direct river access with established barge tie-offs, making it ideally suited for operators seeking a strategic presence along a key Midwest waterway. The site includes a historic clubhouse structure and functional river frontage, supporting ongoing marine operations. A current assignable lease in place through July 31, 2030 provides immediate income, with flexibility via a 180-day termination option by either party. This property is best suited for marine and barge operators (fleeting, switching, mooring), river-based logistics users, recreational or outdoor-oriented ownership, strategic assemblage with nearby upland parcels. While the property offers unique riverfront capabilities, it is located within a regulated floodway, making it ideal for water-dependent and low-impact uses. Additional incentives may be available through the Enterprise Zone and Illinois Valley Port Authority, enhancing its appeal for qualified users. This is a rare chance to control functional Illinois River frontage with existing operational utility and income in place. EM to be payable via certified funds to Coldwell Banker Real Estate Group.

Vacant landProperty Type
11.16 acresLot Size
$71,237Price/Acres
Listed by Leah Erickson Coldwell Banker Commercial Real Estate Group
Listing updated:
Redfin checked: 2 minutes ago
Source:MRED as Distributed by MLS Grid #12479525

Payment calculator

$4,469 per month

Principal and interest$4,178
Property taxes
HOA dues
Home insurance
Utilities
Down payment
20% ($159,000)
Home price
$795,000
Loan details
30-yr fixed, 6.88%

Open houses

No upcoming open houses.

Around this home

Schools

We couldn't find any schools that service this home or are within 5 miles of this home.

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Lifestyle

Provided by Walk Score and Local Logic

Property details

  • Interior features
  • Property includes existing buildings on the land
  • Located in a flood zone
  • Heating & cooling
  • Propane heating

Sale and tax history for Lot 1 River Bank

Public record

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Style
Vacant Land
County
Bureau County
APN
2403251001
Parking Spaces
Basement
Accessible
HOA Dues
Garage
Features
Last updated by owner on Feb 23, 2024.

Historical weather

Spring Valley, IL • 61362
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Redfin Estimate for Lot 1 River Bank

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Contact listing agent

Leah Erickson
Coldwell Banker Commercial Real Estate Group
At this time, Redfin doesn't have an agent available to help you with this home.
Details provided by MRED as Distributed by MLS Grid and may not match the public record. Learn more.
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GreatSchools Ratings provided by GreatSchools.org.