Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    195 Acres Industrial Development Sites Title is generated by Realmo AI

    IL Route 3 & New Poag Rd, East Alton, IL

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

    Five industrial development sites totaling 195 acres for sale.

    Type:LAND
    Lot size:
    9.00 Acres
    Added:
    Dec 31, 2024
    Days on Market:
    507
    Last Refresh:
    Apr 5 at 8:52 pm

    Property Features for IL Route 3 & New Poag Rd

    General Information

    Standard status
    Active
    Lot size
    9.00 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Steve C Zuber

    Listing agent Steve C Zuber

    Listing office BARBERMurphy

    Listing date Dec 31, 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

    HighLights

    • 195 Acres of Development Land Zoned I‑1 Industrial (Divisible)
    • Adjacent Rail Access: Norfolk Southern and Kansas City Southern
    • Heavy Utilities Available
    • Barge Access: 1/4 Mile to Phoenix Landing; 3 Miles to America’s Port
    • Incentives Available: TIF District and Enterprise Zone
    • Close Proximity to I‑255 and I‑270

    Overview

    Five development sites, totaling 195 acres, are available for purchase. The sites are zoned I-1 Industrial and will divide. Heavy utilities are available. The elevation is 428 feet. Rail service is provided by Norfolk Southern and Kansas City Southern, which are adjacent to the property. Barge access is available, with Phoenix Landing located 1/4 mile away and America’s Port 3 miles away. Incentives are available through a TIF District and Enterprise Zone. The property is located in close proximity to I-255 and I-270, and near the Lakeview and Gateway Commerce Centers.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    East Alton
    County
    Madison
    State
    Illinois
    Longitude
    -90.1112
    Latitude
    38.8803

    Nearby Similar for Sale

    • $229,900
      4,658 SF

      East Alton Commercial Office Building

      Commercial office building with multiple offices, high traffic location.
      344 W Saint Louis Avenue, East Alton, IL 62024
      View Details
    • $400,000

      East Alton Retail/Office Buildings

      Two brick buildings totaling 39,000 SF on 3.3 acres.
      655 Berkshire Boulevard, East Alton, IL 62024
      View Details
    • $125,000

      East Alton Unimproved Commercial Land

      Commercial land on a heavily traveled street with high potential.
      409 W Saint Louis Avenue, East Alton, IL 62024
      View Details
    • $60,000
      2,100 SF

      East Alton Commercial Building Sale

      Commercial building suitable for various businesses in centralized location.
      25 S 9th Street, East Alton, IL 62024
      View Details
    • $150,000

      Commercial Land on Lewis and Clark

      2.68 acre commercial property on high-traffic Lewis and Clark Boulevard.
      560 Lewis and Clark Boulevard, East Alton, IL 62024
      View Details
    • $54,900
      1,288 SF

      East Alton Investment Opportunity

      Three unit property in East Alton, ready for rehab.
      187 Goulding Street, East Alton, IL 62024
      View Details
    • $79,900

      Commercial Lot in Prime Location

      Vacant 15,560 sq ft lot in commercial development area.
      20 E AIRLINE, East Alton, IL 62024
      View Details
    • $6,611,885

      166 Acres Development Ground

      Development ground with frontage and visibility along Interstate 255.
      609 Sitze Dr, East Alton, IL
      View Details
    • $125,000

      Commercial Land on Heavily Traveled Street

      Land with high traffic location and small building included.
      409 W Saint Louis Avenue, East Alton, IL 62024
      View Details
    • $5,500
      4,848 SF

      Level Lot For Sale

      Level lot available for sale.
      330 South Pence Street, East Alton, IL 62024
      View Details
    • $1,432,000

      Roxana Land Parcel For Sale

      35.8 acres in Roxana with utilities on site.
      Hedge Rd, East Alton, IL
      View Details

    FAQs

    What type of property is this?
    Land - Five industrial development sites totaling 195 acres for sale.
    Where is this land located?
    The property is located at IL Route 3 & New Poag Rd East Alton, IL.
    What is the asking price?
    The asking price for this property is $315,000.
    What are key features of this property?
    This property features: 195 Acres of Development Land Zoned I‑1 Industrial (Divisible); Adjacent Rail Access: Norfolk Southern and Kansas City Southern; Heavy Utilities Available
    (618) 277-4400 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Steve C Zuber
    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

    Thank You for Inquiry
    IL Route 3 & New Poag Rd, East Alton, IL
    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!