Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    35 Acres Development Land Swansea Title is generated by Realmo AI

    0 Smelting Works Road, Swansea, IL 62226

    View on Map
    Claim this Listing
    For Sale
    $1,190,000

    Farm - Swansea, IL

    Type:Farm
    Lot size:
    35.00 Acres
    Added:
    Dec 29, 2025
    Days on Market:
    144
    Last Refresh:
    May 22 at 4:06 am

    Property Features for 0 Smelting Works Road

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    APN
    08-10.0-100-012
    Lot size
    35.00 Acres

    Taxes and HOA fees

    Tax Year
    2018
    Tax Annual Amount
    351

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jeff Franke

    Listing agent Jeff Franke License #475123599

    Listing office Kunkel Wittenauer Group, Inc 3318 N Illinois, OFallon, IL

    Listing date Dec 29, 2025

    MLS# 23003783 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

    • 35 Acres of Prime Development Land, perfect for your next project.
    • Zoned Single Family, offering immediate development opportunities.
    • All Utilities to Site, simplifying the building process.
    • Level Terrain, reducing development costs.
    • Will Divide, providing flexible options for development.
    • Entrance off Olroyd Drive.

    Overview

    This property features 35 acres of land suitable for development in Swansea, Illinois. Zoned for single-family residences, the site offers potential for residential construction. All utilities are available to the site. The terrain is level, and the property includes some wooded areas. Division of the land is possible. An additional entrance is located off Olroyd Drive on the back end of the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Swansea
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.981568
    Latitude
    38.539193

    Nearby Similar for Sale

    • $980,000
      6,000 SF

      Millstone Plaza Retail Opportunity

      Retail building and approved lot for sale in Swansea, IL.
      4510 N Illinois Street, Swansea, IL 62226
      View Details
    • $550,000
      6,300 SF

      Updated Commercial Building in Swansea

      Updated commercial building with new features and income potential.
      16 Bronze Pointe Boulevard, Swansea, IL 62226
      View Details
    • $95,000
      624 SF

      Swansea Retail/Office Opportunity

      Versatile commercial space with high traffic exposure in Swansea, IL.
      1507 N Illinois Street, Swansea, IL 62226
      View Details
    • $169,900
      1,350 SF

      Swansea Brick Duplex Near Scott

      Charming brick duplex with updated units near Scott AFB.
      213 Brackett Street, Swansea, IL 62226
      View Details
    • $52,900

      Residential Lot in Gated Community

      Residential lot in a desirable gated Swansea neighborhood.
      1884/1886 Carrington, Swansea, IL 62226
      View Details
    • $225,000

      Commercial Land in Swansea, IL

      2.46 acre commercial land parcel in Swansea, Illinois.
      140 Corporate Drive, Swansea, IL 62226
      View Details
    • $1,600,000
      11,200 SF

      Pet Resort NNN Investment

      NNN leased pet resort with annual rent increases.
      129 Corporate Dr, Swansea, IL 62226
      View Details
    • $165,000
      1,846 SF

      Commercial Building on Highway Business Lot

      1,847 SF building on 1.61 acre commercial lot.
      815 N Belt W, Swansea, IL 62226
      View Details
    • $980,000
      6,000 SF

      Special Purpose

      4510 N Illinois Street, Swansea, IL 62226
      View Details
    • $1,921,053
      7,300 SF

      Medical Office Space For Sale

      Medical office space available for sale in Swansea, Illinois.
      19 Wolf Creek Dr, Swansea, IL 62226
      View Details
    • $53,900

      Swansea Land For Sale

      Land available in St. Clair County, Swansea, Illinois.
      1884/1886 Carrington, Swansea, IL 62226
      View Details
    • $1,950,000
      33,378 SF

      Medical/Office Complex For Sale

      Large medical/office complex for sale, convenient location.
      4000 N Illinois Ln, Swansea, IL
      View Details

    FAQs

    What type of property is this?
    Land - 35 acres of prime development land in Swansea, Illinois.
    Where is this land located?
    The property is located at 0 Smelting Works Road Swansea, IL.
    What is the asking price?
    The asking price for this property is $1,190,000.
    What are key features of this property?
    This property features: 35 Acres of Prime Development Land, perfect for your next project.; Zoned Single Family, offering immediate development opportunities.; All Utilities to Site, simplifying the building process.
    (618) 792-9693
    We can help!
    Listing Contact
    Jeff Franke
    Real Estate License ID: 475123599
    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 Smelting Works Road, Swansea, IL 62226
    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!