Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot Near Wildey Theatre Title is generated by Realmo AI

    317 M Street, Edwardsville, IL 62025

    View on Map
    Claim this Listing
    For Sale
    $39,000

    Land - Edwardsville, IL

    Lot size:
    0.23 Acres
    Added:
    Feb 9, 2026
    Days on Market:
    91
    Last Refresh:
    May 11 at 9:06 pm

    Property Features for 317 M Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    14-2-15-03-20-401-019.001
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    449

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jim Reppell
    Jim Reppell

    Listing agent Jim Reppell License #475125734

    Listing office RE/MAX Alliance 1121 University Drive, Collinsville, IL

    Listing date Feb 9, 2026

    MLS# 25054574 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

    • Walking distance to Wildey Theatre, Station on Main development, restaurants, pubs, Goshen farmers market, and nightlife.
    • Affordable vacant lot in Edwardsville for building a dream home.
    • Walking distance to Watershed Nature Center, MCT Trails, ball diamonds & Volleyball courts.
    • Potential for a walkout basement with excavation.
    • Lot backs to a wooded area, ensuring no future construction behind the property.
    • Suitable for active individuals (hikers, cyclists).

    Overview

    This residential lot is located within walking distance of the Wildey Theatre and the new Station on Main multi-level development, which will feature various attractions. The property is also conveniently located near restaurants, pubs, the Goshen farmers market, and nightlife. For outdoor enthusiasts, the Watershed Nature Center, MCT Trails, ball diamonds, and volleyball courts are within walking distance. The lot may accommodate a walkout basement with some excavation, as it slopes towards a wooded area at the rear, ensuring no future construction behind the property. This 0.23-acre lot presents an affordable opportunity to build a custom home in Edwardsville, Illinois.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Edwardsville
    County
    Madison
    State
    Illinois
    Longitude
    -89.9683454
    Latitude
    38.820505

    Nearby Similar for Sale

    • $750,000
      6,580 SF

      Edwardsville Professional Office Opportunity

      3,290 SF office space in Sunset Hills Professional Center.
      4 Sunset Hills Professional Center, Edwardsville, IL 62025
      View Details
    • $395,000
      2,688 SF

      Versatile Commercial Property in Edwardsville

      Standout commercial property with high visibility and flexible space.
      220 S Buchanan Street, Edwardsville, IL 62025
      View Details
    • $695,000
      4,815 SF

      Edwardsville Office Near SIUE Campus

      Well-maintained 4,800+ sq ft office building near SIUE.
      100 N Research Drive, Edwardsville, IL 62025
      View Details
    • $720,000
      4,004 SF

      New Construction Duplex Investment Property

      New construction duplex with hardwood floors and granite countertops.
      652 N Kansas Street, Edwardsville, IL 62025
      View Details
    • $1,030,000
      17,056 SF

      Versatile Mixed-Use Commercial Property

      Expansive 17,000+ sq ft property in downtown Edwardsville.
      201 W High Street, Edwardsville, IL 62025
      View Details
    • $1,350,000
      4,224 SF

      Prime Commercial Site in Edwardsville

      1.03 acre commercial site with high traffic location.
      1100 S State Route 157, Edwardsville, IL 62025
      View Details
    • $758,700

      Edwardsville Commercial Land For Sale

      Mixed-use commercial property in Gateway Commerce Center Enterprise zone.
      3955 Blackburn Road, Edwardsville, IL 62025
      View Details
    • $65,990

      Residential Land in Edwardsville, IL

      Residential land available in Edwardsville, Illinois.
      3717 N Arbor Lake Drive, Edwardsville, IL 62025
      View Details
    • $75,000

      Residential Land in Stonebridge, Edwardsville

      Homesite in premier luxury community, build your custom dream home.
      100 Bristol Park Lane, Edwardsville, IL 62025
      View Details
    • $74,990

      Residential Lot in Arbor Lake

      Residential lot in premier Edwardsville subdivision, near Arbor Lake.
      3741 Cabernet Lane, Edwardsville, IL 62025
      View Details
    • $40,000

      Off-Lake Lot with Water Views

      Homesite with water views and lake access near Edwardsville.
      901 Tartuga Drive, Edwardsville, IL 62025
      View Details
    • $525,000

      Edwardsville Commercial Land Opportunity

      11.24 acres of commercial land in Edwardsville, Illinois.
      5405 Chain of Rocks Rd, Edwardsville, IL 62025
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot near amenities and attractions in Edwardsville, Illinois.
    Where is this residential land & home lot located?
    The property is located at 317 M Street Edwardsville, IL.
    What is the asking price?
    The asking price for this property is $39,000.
    What are key features of this property?
    This property features: Walking distance to Wildey Theatre, Station on Main development, restaurants, pubs, Goshen farmers market, and nightlife.; Affordable vacant lot in Edwardsville for building a dream home.; Walking distance to Watershed Nature Center, MCT Trails, ball diamonds & Volleyball courts.
    (618) 791-7663
    We can help!
    Listing Contact
    Jim Reppell
    Jim Reppell
    Real Estate License ID: 475125734
    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
    317 M Street, Edwardsville, IL 62025
    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!