Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    St Jacob Land Opportunity Title is generated by Realmo AI

    0 US 40 Highway St, Jacob, IL 62281

    View on Map
    Claim this Listing
    For Sale
    $1,170,000

    Agriculture - St Jacob, IL

    Type:Agriculture
    Lot size:
    7.35 Acres
    Added:
    Jun 4, 2025
    Days on Market:
    353
    Last Refresh:
    May 22 at 9:06 am

    Property Features for 0 US 40 Highway St

    General Information

    Property type
    Land
    Property subtype
    Agriculture
    Zoning
    Farm & Ranch
    Exterior features
    Level
    Standard status
    Active
    APN
    05-1-23-09-15-401-001
    Lot size
    7.35 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Annual Amount
    96

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Monica Schmidt

    Listing agent Monica Schmidt

    Listing office eXp Realty 10 N. Martingale Rd, Schaumburg, IL

    Listing date Jun 4, 2025

    MLS# 24035017 Listing URL

    Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Four parcels included, offering significant development potential.
    • Potential for commercial use or residential subdivision.
    • Easy access to US 40.
    • Proximity to Scott Air Force Base (SAFB) - only 25 minutes away.
    • Level, vacant lot, undisturbed for over 20 years, simplifying development.
    • Utilities are nearby.

    Overview

    This 7.352-acre property in St Jacob, IL, presents a development opportunity with potential for commercial use or residential subdivision. The sale includes four parcels: 05-1-23-09-15-401-001, 05-2-23-09-15-401-015, 05-2-23-09-15-401-010, and 05-2-23-09-15-401-014. A previously drawn survey (not recorded) for a subdivision is available. Utilities are located nearby. The level, vacant lot has remained undisturbed for over 20 years, facilitating ease of development. The property offers convenient access to US 40 Highway and is situated approximately 25 minutes from Scott Air Force Base (SAFB) and 30 minutes from St. Louis. The zoning is Farm & Ranch.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Jacob
    County
    Jackson
    State
    Illinois
    Longitude
    -89.6696
    Latitude
    38.6965

    Nearby Similar for Sale

    • $400,000

      Established Restaurant and Bar Opportunity

      Turnkey restaurant and bar with loyal customer base for sale.
      101 Main Street, St Jacob, IL 62281
      View Details
    • $195,000
      1,950 SF

      St Jacob Duplex For Sale

      Two-unit duplex in St Jacob, Illinois, with investment potential.
      104 & 106 E 6TH ST, St Jacob, IL 62281
      View Details
    • $195,000
      1,950 SF

      St Jacob Multi-Unit Ranch

      Two-unit property in St Jacob, Illinois with recent updates.
      102 E 6th St & 600 N Douglas, St Jacob, IL 62281
      View Details
    • $625,000

      Picturesque 25-Acre Land Parcel

      25 acres featuring farmland and woods, ideal for building.
      4 Corners Lane, St Jacob, IL 62281
      View Details
    • $119,900

      2.57 Acre Wooded Lot

      Beautiful wooded 2.57 acre lot backing up to Wendell Creek.
      Xxx Lower Marine Road, St Jacob, IL 62294
      View Details
    • $54,000

      Corner Lot in Wendell Creek

      Large corner lot in Wendell Creek Estates with neighborhood pool.
      2141 Willow Creek, St Jacob, IL 62281
      View Details
    • $119,900

      Two Acre Wooded Homesite

      Two-acre wooded lot ready for custom home in St. Jacob.
      Xxx Lower Marine Road, St Jacob, IL 62294
      View Details
    • $1,170,000

      St Jacob Land Opportunity

      7.35 acre property suitable for commercial or residential development.
      0 US 40 Highway, St Jacob, IL 62281
      View Details
    • $57,000

      Residential Corner Lot in St. Jacob

      Corner lot in Wendell Creek Estates, St. Jacob, Illinois.
      8736 Wendell Creek Drive, St Jacob, IL 62281
      View Details

    FAQs

    What type of property is this?
    Land - 7.352 acre lot suitable for commercial or residential development.
    Where is this land located?
    The property is located at 0 US 40 Highway St Jacob, IL.
    What is the asking price?
    The asking price for this property is $1,170,000.
    What are key features of this property?
    This property features: Four parcels included, offering significant development potential.; Potential for commercial use or residential subdivision.; Easy access to US 40.
    (888) 574-9405
    We can help!
    Listing Contact
    Monica Schmidt
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    0 US 40 Highway, St Jacob, IL 62281
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!