Sign Up Successful!
You now have access to more from Realmo!
    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

    1372 Schaeffer Rd Granite City, IL 62040

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Outparcel opportunities near Walmart Supercenter on Route 3.

    Lot size:
    1.59 Acres

    Property Features for 1372 Schaeffer Rd

    General Information

    Lot size
    1.59 Acres

    We can help!

    Listing Contact
    Scott Bitney
    Scott Bitney
    Source: Moodyscre

    Listing Agent: Scott Bitney

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

    Learn more

    Overview

    Outparcels Near Granite City Walmart

    Multiple outparcel opportunities are available near a Walmart Supercenter on Route 3, situated at a strong intersection at the entrance of Granite City. Ground lease, sale, and build-to-suit options are offered.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Auto Repair Shop Pharmacy Hotel & Motel Auto Parts Store Department Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Granite City
    County
    Madison
    State
    Illinois
    Longitude
    -90.124273
    Latitude
    38.749028

    Nearby Similar for Sale

    • New
      $675,000
      4,950 SF

      Granite City Multifamily Investment

      Two fully occupied four-unit buildings with strong rental history.
      1 Georgetown Dr, Granite City, IL 62040
      View Details
    • $225,000
      0.29 Acres

      Granite City Commercial Property For Sale

      Well-maintained commercial property with flexible space and ample parking.
      2100 State St, Granite City, IL 62040
      View Details
    • $110,000
      1,761 SF

      Granite City Income Property

      Income-producing duplex with tenant-occupied units and signed leases.
      2713 Ralph St, Granite City, IL 62040
      View Details
    • $250,000
      2,165 SF

      Two Detached Homes, One Lot

      Two homes on one lot, ideal for rental income.
      2821 Edwards St, Granite City, IL 62040
      View Details
    • New
      $220,000
      2,624 SF

      Granite City Commercial Office Building

      Commercial office building in Granite City, 15 minutes from St. Louis.
      2412 Corporate Ctr, Granite City, IL 62040
      View Details
    • New
      $199,900
      17,691 SF

      Granite City Multi-Use Opportunity

      Multi-use facility in downtown Granite City with income potential.
      1908 State St, Granite City, IL 62040
      View Details
    • $115,000
      1,305 SF

      Granite City Income Property

      Income-generating duplex with two units and fenced yard.
      1437 Grand Ave, Granite City, IL 62040
      View Details
    • $139,900
      0.46 Acres

      Granite City Commercial Property

      Commercial property on high-traffic road with multiple office spaces.
      2335 Pontoon Rd, Granite City, IL 62040
      View Details
    • $500,000
      6,950 SF

      Granite City Commercial Building

      Well-maintained building suitable for various community or educational purposes.
      1313 21St St, Granite City, IL 62040
      View Details
    • New
      $125,000
      1,565 SF

      Granite City Triplex Opportunity

      Triplex in Granite City near amenities, ideal for investors.
      2108 Washington Ave, Granite City, IL 62040
      View Details
    • $69,900
      1,264 SF

      Granite City Commercial Building

      Well-maintained commercial building in Granite City, Illinois for sale.
      2301 State St, Granite City, IL 62040
      View Details
    • $55,000
      0.12 Acres

      Granite City Commercial Building

      Commercial building on corner lot, previously used as beauty salon.
      2775 Madison Ave, Granite City, IL 62040
      View Details

    FAQs

    What type of property is this?
    Land - Outparcel opportunities near Walmart Supercenter on Route 3.
    Where is this land located?
    The property is located at 1372 Schaeffer Rd Granite City, IL.
    What are key features of this property?
    This property features: - Multiple outparcel opportunities are available.; - Located near Walmart Supercenter on Route 3.; - Ground lease, sale, and build to suit opportunity.
    (314) 818-1550
    Request Owner's contact information
    1372 Schaeffer Rd Granite City, IL 62040
    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.
    1372 Schaeffer Rd
    Granite City, IL 62040
    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
    1372 Schaeffer Rd Granite City, IL 62040
    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

    We can help!
    Listing Contact
    Scott Bitney
    Scott Bitney
    Real Estate License ID: MO SA00070793
    (314) 818-1550
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.