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

    0 Union Street Lebanon, IL 62254

    View on Map
    For Sale
    $425,000

    Business - Lebanon, IL

    Type:Business
    Lot size:
    0.25 Acres
    Added:
    Aug 29, 2025
    Days on Market:
    219
    Last Refresh:
    Apr 4 at 8:06 am

    Property Features for 0 Union Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Parking features
    Driveway
    Standard status
    Active
    APN
    05-19.0-431-004
    Lot size
    0.25 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Annual Amount
    960

    Building Details

    Year built
    2023
    Architectural style
    Other

    We can help!

    Listing Contact
    Keith Shovlin
    Keith Shovlin

    Listing agent Keith Shovlin License #475.176427

    Listing office RE/MAX Preferred 1668 Windham Way, OFallon, IL

    Listing date Aug 29, 2025

    MLS# 23057494 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

    Roadside Frontage Gravel Lot

    This is a 0.25 acre gravel lot featuring 100 feet of roadside frontage along Route 4 in Lebanon, Illinois. The location benefits from high traffic, with an average of 14,800 cars passing by each day. The property includes 4 light poles, and electricity is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Lebanon
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.8074
    Latitude
    38.597936

    Nearby Similar for Sale

    • $175,000
      2,592 SF

      Lebanon Commercial Facility For Sale

      Commercially zoned facility with potential for office, worship, or restaurant.
      221 E Saint Louis Street, Lebanon, IL 62254
      View Details
    • $165,000
      2,736 SF

      Lebanon Four-Unit Investment Opportunity

      Well-maintained four-unit building near McKendree University.
      204 S Fritz Street, Lebanon, IL 62254
      View Details
    • $150,000
      2,820 SF

      Car Wash Opportunity in Lebanon

      Car wash with highway visibility on a double lot.
      221 N Madison Street, Lebanon, IL 62254
      View Details
    • $22,000

      Residential Land in Foxmoor Subdivision

      Half-acre lot ready for development near I-64.
      1105 ANNA CT, Lebanon, IL 62254
      View Details
    • $1,850,000
      11,742 SF

      Modern Retail Facility in Lebanon

      Prime retail facility built in 2020 on 1.93 acres.
      651 S Madison St, Lebanon, IL
      View Details
    • $425,000

      Gravel Lot with Road Frontage

      Quarter-acre gravel lot with high traffic and roadside frontage.
      0 Union St, Lebanon, IL, 62254
      View Details
    • $425,000

      Quarter Acre Gravel Lot

      Gravel lot with roadside frontage and high traffic volume.
      0 Union Street, Lebanon, IL 62254
      View Details
    • $1,018,635

      34+ Acre Commercial Development Site

      Commercial development site near Highway 50 & Route 4.
      Old US Hwy 50, Lebanon, IL
      View Details
    • $3,150,000

      I-64 Development Opportunity Land

      70 acres of land with I-64 frontage.
      8675 Shiloh Valley Township Line Rd, Lebanon, IL
      View Details
    • Contact for pricing

      34 Acres Commercial Land Available

      34 acres of commercial land near Highway 50 and Route 4.
      Old U.S. Hwy 50, Lebanon, IL 62254
      View Details
    • $246,000

      9+ Acres Development Opportunity

      9+ acres of land suitable for storage, retail, multi-family.
      S Madison St, Lebanon, IL
      View Details
    • $246,000

      8.2 Acre Commercial Land Parcel

      8.2 acres with frontage on Rte 4, Lebanon, IL.
      South Madison St, Lebanon, IL 62254
      View Details

    FAQs

    What type of property is this?
    Commercial land - Quarter acre gravel lot with high traffic roadside frontage.
    Where is this commercial land located?
    The property is located at 0 Union Street Lebanon, IL.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: High Traffic Location: Benefit from an average of 14,800 cars passing by daily.; Roadside Frontage: Features 100ft of frontage on Rt 4.; Electric Available: Property is equipped with electric service.
    (618) 580-8894
    We can help!
    Listing Contact
    Keith Shovlin
    Keith Shovlin
    Real Estate License ID: 475.176427
    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!