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Lot/land
  • $119,000

    502 S Banker St, Effingham, IL 62401

    --beds
    0baths
    0.86Acres
    Unimproved Land
    Built in ----
    0.86 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    1.3 Acres located in the center of town- 3 property tax IDs (0316035086, 0316035085, and 0316035070) currently zoned B-2. Would need to be rezoned to Special Use for storage units. Main piece of ground is approx 450x85 with two additional lots, one is 75x100 and the other is irregular. Access off National Ave on the South and High St on the north. There is a 10’ alley through the property.
    171 days
    |
    43
    |
    0
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jeffrey Speer 217-347-0404,

    RE/MAX Key Advantage,

    Alexis Speer 217-821-2904,

    RE/MAX Key Advantage

    Source: CIBR,MLS#: 6256749MLS LogoOriginating MLS: Central Illinois Board Of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0
      Interior area
      • Total structure area: 0
      • Finished area above ground: 0

      Property

      Lot
      • Size: 0.86 Acres
      Details
      • Parcel number: 0316035085
      • Zoning: B-2
      • Special conditions: None

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Other

      Community & HOA

      Community
      • Subdivision: Railroad Add
      Location
      • Region: Effingham

      Financial & listing details

      • Tax assessed value: $92,910
      • Annual tax amount: $2,092
      • Date on market: 1/13/2026
      • Cumulative days on market: 172 days

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        1/13/2026Listed for sale$119,000
        Source: CIBR #6256749 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$2,092 +9.2%$30,970 +10%
        2023$1,917 +6.5%$28,150 +9%
        2022$1,799 -3%$25,830 +1%
        2021$1,855 $25,570 +2.9%
        2020-- $24,850 +1%
        2019$1,786 +3.4%$24,600 +4%
        2018$1,728 -48%$23,650 -47.9%
        2017$3,325 $45,380 +3%
        2016-- $44,060 +3%
        2015-- $42,780 +3%
        2014-- $41,530 +2%
        2013-- $40,720

        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 62401

        Getting around

        77 / 100
        Very Walkable
        73 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Effingham Dist. 40

        Source: CIBR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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