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

    Sumner Ln Wood River, IL

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $475,675

    12 acres of development ground with frontage and visibility.

    Type:LAND
    Lot size:
    12.00 Acres
    Added:
    Apr 15, 2025
    Days on Market:
    352
    Last Refresh:
    Mar 30 at 10:25 pm

    Property Features for Sumner Ln

    General Information

    Standard status
    Active
    Lot size
    12.00 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Matt Barriger

    Listing agent Matt Barriger

    Listing office BARBERMurphy

    Listing date Apr 15, 2025

    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

    Development Land with I-255 Visibility

    This property features 12 acres of development ground with over 1,500 feet of frontage along Wesley Drive and visibility from Interstate 255. The surrounding area includes residential, big box retail, general retail, and office properties. The land offers possibilities for retail, residential, multi-family, and light industrial development. An additional 166 acres are available across Wesley Drive.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Wood River
    County
    Madison
    State
    Illinois
    Longitude
    -90.0976
    Latitude
    38.8612

    Nearby Similar for Sale

    • $360,000
      2,728 SF

      Wood River Commercial Opportunity

      Commercial building for sale in high-traffic Wood River location.
      1103 E Acton Avenue, Wood River, IL 62095
      View Details
    • $399,900
      8,000 SF

      Versatile Office Space in Wood River

      8000 sq ft office space suitable for various businesses.
      203 S 6th Street, Wood River, IL 62095
      View Details
    • $350,000
      1,563 SF

      Free Standing Building on Corner

      Office space with storage on a 0.6-acre corner lot.
      263 Madison Avenue, Wood River, IL 62095
      View Details
    • $87,500

      Downtown Retail Opportunity in Wood River

      Commercial property with retail potential in downtown Wood River, Illinois.
      16 E Ferguson Avenue, Wood River, IL 62095
      View Details
    • $900,000
      38,863 SF

      Wood River Commercial Property For Sale

      Commercial property with office space, parking, and tenant in place.
      250 Citrus Lane, Wood River, IL 62095
      View Details
    • $450,000
      15,965 SF

      Wood River Warehouse For Sale

      15,965 SF retail/warehouse on 3.2 acres, great location.
      1371 Vaughn Road, Wood River, IL 62095
      View Details
    • $50,000
      990 SF

      Downtown Corner Lot Retail Building

      High-traffic corner lot in downtown Wood River, Illinois.
      84 E Ferguson Avenue, Wood River, IL 62095
      View Details
    • $93,500

      Mixed-Use Property in Wood River

      Unique live-work property with income potential in Wood River, IL.
      602 Wood River Avenue, Wood River, IL 62095
      View Details
    • $100,000
      2,560 SF

      Retail Opportunity in Wood River

      Two buildings on two parcels in Wood River, Illinois.
      265 E Ferguson Avenue, Wood River, IL 62095
      View Details
    • $500,000

      47 Acres Commercial Land, Illinois

      Unimproved land near highways, suitable for commercial development.
      0 State Route 111 Road, Wood River, IL 62095
      View Details
    • $499,000

      Wood River Commercial Land Opportunity

      11.05 acre commercial building site with high visibility.
      2201 Old Alton Edwardsville Road, Wood River, IL 62095
      View Details
    • $44,900

      Commercial Land in Wood River

      Potential building site with high traffic and corner location.
      1300 E Edwardsville Road, Wood River, IL 62095
      View Details

    FAQs

    What type of property is this?
    Land - 12 acres of development ground with frontage and visibility.
    Where is this land located?
    The property is located at Sumner Ln Wood River, IL.
    What is the asking price?
    The asking price for this property is $475,675.
    What are key features of this property?
    This property features: 12 acres of development ground with Interstate 255 visibility.; Over 1,500' of frontage along Wesley Drive.; Surrounded by residential, big box retail, general retail, and office properties.
    (618) 277-4400
    We can help!
    Listing Contact
    Matt Barriger
    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!