Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot with Prepared Pad Title is generated by Realmo AI

    113 Ohio Avenue, South Roxana, IL 62087

    View on Map
    Claim this Listing
    New
    For Sale
    Contact for pricing

    Land - South Roxana, IL

    Lot size:
    0.14 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 2 at 11:06 pm

    Property Features for 113 Ohio Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Exterior features
    Level
    Standard status
    Active
    APN
    18-2-14-02-08-203-013.001
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    166

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Abigail Delehanty

    Listing agent Abigail Delehanty License #475.176400

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

    Listing date Jun 2, 2026

    MLS# 26019450 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

    • Level lot with a prepared pad
    • Convenient access to utilities for placing a new home or rental

    Overview

    This residential lot is an ideal blank-slate site for an owner-builder or rental investment. The lot features a prepared pad, helping reduce early site work and providing a starting point for construction planning. Utilities are available, which supports straightforward development of a new home.

    Situated in South Roxana, the property offers convenient access to utilities for prospective buyers who want to move toward building without extensive groundwork. The land is zoned for residential use, aligning it with typical single-home or rental development goals.

    For buyers looking for an attainable entry point into local residential development, this parcel offers the key ingredients of build readiness: a prepared pad and access to utilities. It may be particularly attractive for someone seeking to construct a personal residence or add a rental property, with the flexibility to design and position the improvements on a small lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Hotel & Motel Department Store Bar & Pub Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    South Roxana
    County
    Madison
    State
    Illinois
    Longitude
    -90.060114
    Latitude
    38.831969

    Nearby Similar for Sale

    • $700,000

      South Roxana Commercial Property For Sale

      Secure, fenced 3.5-acre commercial property near Interstates 255 and 270.
      300 Washington Street, South Roxana, IL 62087
      View Details
    • $3,200,000

      Versatile Land Near Edwardsville

      57.89 acres with development potential near major interstates.
      4220 New Poag Road, South Roxana, IL 62087
      View Details
    • $25,000

      Residential Lot Ready for Building

      Residential lot with driveway, mature trees, and available utilities.
      408 Indiana Avenue, South Roxana, IL 62087
      View Details
    • $3,200,000

      57.89 Acres Near Edwardsville

      Versatile land tract with development potential near major highways.
      4220 New Poag Road, South Roxana, IL 62087
      View Details
    • $1,027,750

      81.11 Acres in South Roxana

      81.11 acres of land for sale in South Roxana.
      Wagon Wheel Rd, South Roxana, IL 62087
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Build a new home or rental on a compact residential lot with a prepared pad and utility access.
    Where is this residential land & home lot located?
    The property is located at 113 Ohio Avenue South Roxana, IL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Level lot with a prepared pad; Convenient access to utilities for placing a new home or rental
    (618) 540-4928
    We can help!
    Listing Contact
    Abigail Delehanty
    Real Estate License ID: 475.176400
    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
    113 Ohio Avenue, South Roxana, IL 62087
    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!