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    State Rte 111 Rd Wood River, IL 62095

    Sponsored
    For Sale
    $940,800

    Farm - Wood River, IL

    Type:Farm
    Lot size:
    47.04 Acres
    Days on Market:
    221
    Last Refresh:
    Jan 5 at 2:06 pm

    Property Features for State Rte 111 Rd

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    APN
    19-1-08-24-00-000-003
    Exterior features
    Sloped, Waterfront
    Lot size
    47.04 Acres

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Year built
    1900
    Architectural style
    Other

    Coldwell Banker Brown Realtors (618) 692-7290 [email protected]

    Listing agent Rick Lauschke (618) 465-2966 License #471.000992

    Listing date May 30, 2025

    MLS# 24075431 Listing URL

    Copyright © 2025 MARIS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land Near Major Highways

    This 47.04-acre investment property is located near major highways and in close proximity to St. Louis. The land features rolling terrain and a small pond or lake. Currently zoned B-3 Commercial, the property could accommodate an event center, restaurants, taverns, healthcare facilities, meeting facilities, or schools and churches. The acreage is estimated and will be based on a survey of the property prior to closing. Buyer is responsible for verifying the location of utilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Wood River
    County
    Madison
    State
    Illinois
    Longitude
    -90.055805
    Latitude
    38.872476

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    FAQs

    What type of property is this?
    Commercial land - 47-acre commercial land with B-3 zoning near St. Louis.
    Where is this commercial land located?
    The property is located at State Rte 111 Rd Wood River, IL.
    What is the asking price?
    The asking price for this property is $940,800.
    What are key features of this property?
    This property features: - Prime investment property location near major highways and St. Louis; - **47 acres of rolling terrain with potential for a major water feature**; - Zoned B-3 Commercial, allowing for diverse development opportunities (event center, restaurants, etc.)
    (618) 444-9182
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    State Rte 111 Rd Wood River, IL 62095
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    Wood River, IL 62095
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    Realmo Value Estimation

    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.

    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.

    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
    State Rte 111 Rd Wood River, IL 62095
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