Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1444 Schaefer Road Granite City, IL 62040

    View on Map
    Claim this Listing
    For Sale
    $189,900

    Industrial - Granite City, IL

    Type:Industrial
    Lot size:
    1.72 Acres
    Added:
    Feb 9, 2026
    Days on Market:
    80
    Last Refresh:
    Apr 30 at 6:06 pm

    Property Features for 1444 Schaefer Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Standard status
    Active
    APN
    22-2-20-06-00-000-047
    Lot size
    1.72 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    145

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Linda Frierdich
    Linda Frierdich

    Listing agent Linda Frierdich License #471012311

    Listing office Century 21 Advantage 103 S Main St, Columbia, IL

    Listing date Feb 9, 2026

    MLS# 25076941 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.

    Overview

    Granite City Industrial Land

    This 1.72-acre commercial lot in Granite City, IL, offers development potential with M-4 Industrial zoning. The property features over 330 feet of road frontage and includes three-phase electric, public water, and public sewer stubbed to the site. The lot is designed for efficiency with excellent drainage and is located in FEMA Flood Zone C, eliminating the need for flood insurance. Its location within a Cannabis Overlay District presents opportunities for specialized business use. Situated near IL Rt 3 and less than 30 minutes from St. Louis, the site provides accessibility. Nearby national retailers such as Walmart and Aldi contribute to traffic and commercial activity, making it suitable for industrial, commercial, or cannabis-related ventures. This property is located in a growing corridor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Granite City
    County
    Madison
    State
    Illinois
    Longitude
    -90.0982
    Latitude
    38.7259

    Nearby Similar for Sale

    • $225,000
      5,040 SF

      Granite City Commercial Property on 4 Acres

      Versatile 5,040 SF commercial property on 4 acres.
      3400 Century Drive, Granite City, IL 62040
      View Details
    • $300,000
      3,372 SF

      Granite City Multi-Tenant Office Building

      Well-maintained 3,372 SF office building with established tenants.
      3723 Nameoki Road, Granite City, IL 62040
      View Details
    • $500,000
      6,950 SF

      Granite City Commercial Building

      Well-maintained building suitable for various community or educational purposes.
      1313 21st St., Granite City, IL 62040
      View Details
    • $150,000
      945 SF

      Granite City Office with Updates

      Well-maintained office with high visibility and recent updates.
      3704 Pontoon Road, Granite City, IL 62040
      View Details
    • $165,000

      Granite City Commercial Opportunity

      Well-maintained commercial property in high-visibility location, versatile layout.
      1501 Garfield Avenue, Granite City, IL 62040
      View Details
    • $199,000
      2,624 SF

      Granite City Commercial Office Building

      Commercial building in Granite City, suitable for medical or office.
      2412 Corporate Center, Granite City, IL 62040
      View Details
    • $190,000

      Granite City Commercial Property For Sale

      High-visibility commercial property with large parking lot and service bays.
      2805 E 23rd Street, Granite City, IL 62040
      View Details
    • $60,000
      1,264 SF

      Granite City Commercial Opportunity

      Well-maintained commercial building suitable for office, salon, or storage.
      2301 State Street, Granite City, IL 62040
      View Details
    • $790,000
      4,000 SF

      Granite City Industrial Land Opportunity

      19.97-acre industrial land with income potential near I-270.
      464 W Pontoon Road, Granite City, IL 62040
      View Details
    • $190,000
      17,691 SF

      Granite City Multi-Use Facility

      Multi-use facility in downtown Granite City with ample parking.
      1908 State Street, Granite City, IL 62040
      View Details
    • $129,900

      Granite City Commercial Property

      Commercial property on high-traffic road with multiple office spaces.
      2335 Pontoon Road, Granite City, IL 62040
      View Details
    • $200,000
      2,868 SF

      Granite City Turnkey Duplex Investment

      Fully occupied duplex with strong cash flow and modern updates.
      2446 State Street, Granite City, IL 62040
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.72-acre commercial lot with M-4 zoning and utilities.
    Where is this commercial land located?
    The property is located at 1444 Schaefer Road Granite City, IL.
    What is the asking price?
    The asking price for this property is $189,900.
    What are key features of this property?
    This property features: 1.72‑acre commercial lot with M‑4 Industrial zoning, offering exceptional flexibility.; Located in a Cannabis Overlay District, providing valuable opportunities for specialized business use.; **330+ feet of road frontage with high visibility and accessibility.**
    (618) 281-7621
    We can help!
    Listing Contact
    Linda Frierdich
    Linda Frierdich
    Real Estate License ID: 471012311
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!