Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land Near Interstate 255 Title is generated by Realmo AI

    0 Montclair / Hwy 255, Godfrey, IL 62035

    View on Map
    Claim this Listing
    For Sale
    $950,000

    Retail - Godfrey, IL

    Type:Retail
    Lot size:
    5.01 Acres
    Added:
    Mar 5, 2026
    Days on Market:
    72
    Last Refresh:
    May 16 at 7:06 pm

    Property Features for 0 Montclair / Hwy 255

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    24-1-01-14-00-000-007.007
    Lot size
    5.01 Acres

    Taxes and HOA fees

    Tax Year
    2020
    Tax Annual Amount
    899

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Travis Tarrant

    Listing agent Travis Tarrant License #471016673

    Listing office Tarrant and Harman Real Estate and Auction Co 3644 Fosterburg Rd., Alton, IL

    Listing date Mar 5, 2026

    MLS# 26012409 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

    • 5 acres of level commercial property directly adjacent to I‑255.
    • Excellent visibility from I‑255 and Montclair Ave.
    • Utilities available at or within the property boundary.
    • Two concrete entrances off Ingham Lane.
    • Seller willing to divide the property.
    • Convenient access to St. Louis and other major interstates.

    Overview

    This is a 5.01-acre tract of level commercial land situated adjacent to I-255. The property features two concrete entrances off Ingham Lane. Utilities are available at or within the boundary line. The location offers visibility from Montclair Ave and enhanced visibility from the interstate. The site is located within 30 minutes of St. Louis and other major interstates, including I-270, I-55, and I-64. The seller is willing to divide the land.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Godfrey
    County
    Madison
    State
    Illinois
    Longitude
    -90.197234
    Latitude
    38.976741

    Nearby Similar for Sale

    • $225,000
      2,720 SF

      Godfrey Office Building For Sale

      Office building with multiple spaces, updated kitchen, and ample parking.
      1309 Dadrian Professional Park, Godfrey, IL 62035
      View Details
    • $130,000
      714 SF

      Charming Commercial Cottage in Godfrey

      Updated cottage suitable for various business types with special permit.
      509 Pearl Street, Godfrey, IL 62035
      View Details
    • $749,000

      Godfrey Warehouses and Land Parcel

      Two insulated warehouses on 15.6 acres with commercial potential.
      3808 Stanka, Godfrey, IL 62035
      View Details
    • $140,000

      Godfrey, IL Commercial Office Space

      Turn-key office space in high-traffic area, ready for immediate occupancy.
      2720 Grovelin Street, Godfrey, IL 62035
      View Details
    • $65,000
      1,652 SF

      Godfrey Commercial Property For Sale

      Commercial property on high-traffic road with office conversion and updates.
      6120 Godfrey Road, Godfrey, IL 62035
      View Details
    • $279,000

      Godfrey Land Near Lewis & Clark

      6.75 acre commercial land near Lewis & Clark Community College.
      0 Humbert Road, Godfrey, IL 62035
      View Details
    • $749,000

      Versatile Land with Warehouse Buildings

      15.6 acres with two warehouse buildings and development potential.
      3808 Stanka Lane, Godfrey, IL 62035
      View Details
    • $350,000

      Commercial Lot in Godfrey, IL

      Commercial land for sale, zoned B-5, high traffic location.
      6405 GODFREY Road, Godfrey, IL 62035
      View Details
    • $249,000

      Commercial Land in Enterprise Zone

      1.8 acre commercial property suitable for various businesses.
      6108 Godfrey Road, Godfrey, IL 62035
      View Details
    • $550,000

      Commercial Land Near Interstate I-255

      2.5 acres of commercial land with interstate visibility.
      0 Montclair / Hwy 255, Godfrey, IL 62035
      View Details
    • $550,000

      Commercial Land Near Interstate

      2.5 acre commercial property with interstate visibility in Godfrey, IL.
      0 Montclair / Hwy 255, Godfrey, IL 62035
      View Details
    • $249,000
      2,760 SF

      Office Building in Godfrey, IL

      Office building with basement in D'Adrian Professional Park.
      1317 D'Adrian Professional Park, Godfrey, IL 62035
      View Details

    FAQs

    What type of property is this?
    Commercial land - 5 acres of level land with high visibility near I-255.
    Where is this commercial land located?
    The property is located at 0 Montclair / Hwy 255 Godfrey, IL.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: 5 acres of level commercial property directly adjacent to I‑255.; Excellent visibility from I‑255 and Montclair Ave.; Utilities available at or within the property boundary.
    (618) 974-9259
    We can help!
    Listing Contact
    Travis Tarrant
    Real Estate License ID: 471016673
    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 Montclair / Hwy 255, Godfrey, IL 62035
    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!