Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Robertsdale Corner Parcel For Sale Title is generated by Realmo AI

    22995 E Chicago Street, Robertsdale, AL 36567

    View on Map
    Claim this Listing
    For Sale
    $140,000

    Corner parcel in Robertsdale with utilities, redevelopment potential.

    Type:Lots/Land
    Added:
    Mar 25, 2026
    Days on Market:
    70
    Last Refresh:
    Apr 7 at 8:40 pm

    Property Features for 22995 E Chicago Street

    General Information

    Standard status
    Active
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Shauntelle Henshaw

    Listing agent Shauntelle Henshaw License #151301-1

    Listing office RE/MAX on the Coast

    Listing date Mar 25, 2026

    Source Exitrealty

    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 RE/MAX on the Coast

    HighLights

    • Prime corner lot location in the heart of Robertsdale with excellent visibility and access.
    • Flexible B‑2 zoning allows for commercial or residential use.
    • Water, sewer, and utilities are available and in place on site.
    • Strong redevelopment potential due to previous use as a trailer park.
    • Conveniently located near Highway 59 and Illinois Street, shopping, schools, and medical facilities.
    • Short drive to the beaches of the Gulf of Mexico.

    Overview

    This corner parcel, encompassing lots 7 through 10, is situated in the central area of Robertsdale, offering notable visibility and accessibility. Zoned B-2, the property allows for either commercial or residential applications. Water and sewer services are available on-site, with utilities already established. The location is near the intersection of Highway 59 and Illinois Street, providing convenient access to shopping centers, educational institutions, medical facilities, and the beaches of the Gulf of Mexico. The site, previously operated as a trailer park, has redevelopment potential. An adjacent parcel is also available for purchase. The combined area of both parcels is 1.44 acres.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Robertsdale
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.71205
    Latitude
    30.55896

    Nearby Similar for Sale

    • $999,900
      2,316 SF

      Warehouse Restaurant

      Established restaurant with high traffic exposure and expansion potential.
      22272 State Highway 59, Robertsdale, AL 36567
      View Details
    • $319,000

      Robertsdale 10-Acre Land Parcel

      Cleared 10-acre property in Robertsdale, AL, with development potential.
      31952 County Road 64 Extension, Robertsdale, AL 36567
      View Details
    • $129,000

      Corner Parcel in Robertsdale Heart

      Commercial land with utilities in a central, accessible location.
      22995 E Chicago Street, Robertsdale, AL 36567
      View Details
    • $138,000

      Improved RV Lot Near I-10

      Improved lot near I-10, beaches, restaurants, and shopping.
      27143 Border Drive, Robertsdale, AL 36567
      View Details
    • $129,000

      Commercial Lot in Robertsdale Heart

      Commercial/residential lot with high visibility and development potential.
      0 Chicago Street, Robertsdale, AL 36567
      View Details
    • $359,500

      Robertsdale Residential Lots with Pond

      4-acre fenced property with stocked pond and river access.
      25151 Goat Cooper Road, Robertsdale, AL 36567
      View Details
    • $199,900

      Elsanor Airpark Land Opportunity

      3.7 acres in a unique fly-in community.
      Koier Road lot: 2, Robertsdale, AL 36567
      View Details
    • $159,000

      Robertsdale Acreage with Development Potential

      5.8-acre parcel in Robertsdale, Alabama, suitable for various uses.
      20929 Oak Ridge Drive, Robertsdale, AL 36567
      View Details
    • $565,000

      Robertsdale Land with Development Potential

      24 wooded acres with existing structures near Gulf Shores.
      24928 County Road 71, Robertsdale, AL 36567
      View Details
    • $4,450,000

      445 Acres Robertsdale Land Available

      445 acres of unzoned land, ideal for development or recreation.
      0 County Road 87, Robertsdale, AL 36567
      View Details
    • $146,205

      Robertsdale Land Ready to Build

      5.13 acre lot, cleared, ready to build your home.
      2 County Road 64, Robertsdale, AL 36567
      View Details
    • $145,000

      Cleared Land in Rosinton Community

      Cleared homesite suitable for custom or mobile home.
      27760 Northcutt Lane, Robertsdale, AL 36567
      View Details

    FAQs

    What type of property is this?
    Commercial land - Corner parcel in Robertsdale with utilities, redevelopment potential.
    Where is this commercial land located?
    The property is located at 22995 E Chicago Street Robertsdale, AL.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: Prime corner lot location in the heart of Robertsdale with excellent visibility and access.; Flexible B‑2 zoning allows for commercial or residential use.; Water, sewer, and utilities are available and in place on site.
    (251) 374-6222
    We can help!
    Listing Contact
    Shauntelle Henshaw
    Real Estate License ID: 151301-1
    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
    22995 E Chicago Street, Robertsdale, AL 36567
    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!