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

    N Main St Shiloh, IL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    76.80 acres suitable for office or retail development.

    Type:LAND
    Lot size:
    76.80 Acres
    Added:
    Apr 16, 2024
    Days on Market:
    728
    Last Refresh:
    Apr 5 at 8:46 pm

    Property Features for N Main St

    General Information

    Standard status
    Active
    Lot size
    76.80 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Anthony Smallmon

    Listing agent Anthony Smallmon

    Listing office BARBERMurphy

    Listing date Apr 16, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of BARBERMurphy

    Overview

    76.80 Acres for Development

    This 76.80-acre site is available for sale and presents an opportunity for office or retail development. The property features 1,468 feet of frontage on I-64, which experiences an average daily traffic count of 56,700 vehicles. It is located along the planned Frank Scott Parkway extension and is adjacent to Memorial East Hospital and the Siteman Cancer Center. The site is within 5 minutes of Scott Air Force Base and St. Louis MidAmerica Airport.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Shiloh
    County
    St. Clair
    State
    Illinois
    Longitude
    -88.774916
    Latitude
    35.803586

    Nearby Similar for Sale

    • $879,000

      Prime Commercial Corner Lot

      High-visibility Shiloh commercial land with development potential.
      0 N Green Mount Road, Shiloh, IL 62221
      View Details
    • $1,895,000

      Shiloh Commercial Development Opportunity

      9.57 acre commercial land for sale in Shiloh, IL.
      3416 Lebanon Avenue, Shiloh, IL 62221
      View Details
    • $199,900
      2,072 SF

      Shiloh Duplex: Investment Opportunity

      Income-producing duplex in Shiloh, Illinois, with potential for increased rents.
      13/15 Eagle Drive, Shiloh, IL 62221
      View Details
    • $576,433

      Prime Shiloh Development Opportunity

      18 acres of R-3 zoned land near Scott AFB.
      0 N Green Mount Road, Shiloh, IL 62221
      View Details
    • $119,900

      Shiloh Land with Skyline Views

      Desirable 0.95-acre corner lot with Gateway Arch views.
      3830 Breezy Hill, Shiloh, IL 62221
      View Details
    • $105,000

      Waterford Place Gated Community Lot

      1.5 acre lot in gated community with lake view.
      1232 Carleton Lane, Shiloh, IL 62221
      View Details
    • $95,000

      Residential Land in Gated Community

      1.68 acre corner lot in Waterford Place, Shiloh, IL
      1214 Carleton Lane, Shiloh, IL 62221
      View Details
    • $650,000
      8,000 SF

      Downtown Shiloh Commercial Lot

      One-acre commercial lot with approved strip center plan.
      121 S Main St, Shiloh, IL
      View Details
    • $30,000

      Residential Land in Shiloh, Illinois

      Residential land for sale in Shiloh, close to amenities.
      Christine Boulevard, Shiloh, IL 62221
      View Details
    • $27,704,160

      Shiloh Land For Sale

      Land suitable for retail, office, or mixed-use development.
      2001 Frank Scott Pkwy E, Shiloh, IL
      View Details
    • $449,000

      2.6 AC Office/Retail Site

      2.6 AC office/retail development site on Green Mount Rd.
      1109 N Green Mt Rd, Shiloh, IL
      View Details
    • $6,470,000

      27-Acre Development Site in Shiloh

      27-acre commercially zoned site with easy access to I-64.
      1500 Cross St, Shiloh, IL
      View Details

    FAQs

    What type of property is this?
    Land - 76.80 acres suitable for office or retail development.
    Where is this land located?
    The property is located at N Main St Shiloh, 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: **1,468' of frontage on I‑64 with 56,700 ADT.**; Located along the future Frank Scott Parkway extension and adjacent to the new Memorial East Hospital and Siteman cancer center.; Excellent site for office or retail development.
    (618) 407-4240 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Anthony Smallmon
    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!