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    1064 N State St Freeburg, IL 62243

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    For Sale
    $757,800

    22.60-acre development site ideal for multi-family, hotel, retail, or office.

    Lot size:
    22.60 Acres

    Property Features for 1064 N State St

    General Information

    Lot size
    22.60 Acres

    Source: BARBERMurphy Agent Anthony Smallmon

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

    Overview

    22.60 Acre Development Site

    This 22.60-acre development site, previously approved for multi-family use by the Village of Freeburg, is located next to the new Dollar General Market. All utilities are located on site. The property is positioned on Route 15, offering 550 feet of frontage and an Average Daily Traffic count of 11,400. The location is suitable for multi-family, hotel, retail, or office developments. The front 3 acres are available for $405,000 ($135,000/acre), and the back 19.96 acres are available for $352,800 ($18,000/acre).
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Freeburg
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.9177696
    Latitude
    38.440105

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    FAQs

    What type of property is this?
    Land - 22.60-acre development site ideal for multi-family, hotel, retail, or office.
    Where is this land located?
    The property is located at 1064 N State St Freeburg, IL.
    What is the asking price?
    The asking price for this property is $757,800.
    What are key features of this property?
    This property features: - 22.60 Acre Development Site.; - Previously approved for Multi-Family by the Village of Freeburg.; - Ideal location for Multi-Family, Hotel, Retail, or Office Site.
    (618) 277-4400
    Request Owner's contact information
    1064 N State St Freeburg, IL 62243
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    Freeburg, IL 62243
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    Realmo Value Estimation

    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.

    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.

    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
    1064 N State St Freeburg, IL 62243
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