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    Perrin Rd Lebanon, IL 62258

    Sponsored
    For Sale
    $1,118,000

    14 Acres, High Visibility, Excellent Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 14.33-acre commercial development site presents a unique investment opportunity in Mascoutah, Illinois. Strategically located at Exit 23 of Interstate 64, this property boasts significant visibility and accessibility, making it ideal for a wide range of commercial ventures. The site is zoned GC Commercial, allowing for diverse development possibilities. The property's location within a newly established Tax Increment Financing (TIF) district, created in 2017, offers potential tax advantages for developers. All utilities are readily available on-site, simplifying the development process. With 530 feet of frontage along I-64, this site offers unparalleled exposure to high traffic volumes. The asking price is $1,118,000, translating to $78,000 per acre. The property's parcel number (APN) is 10-07.0-200-025. The seller is willing to consider dividing the land to accommodate various development needs. This prime location in St. Clair County, with its address on Perrin Rd, zip code 62258, presents a compelling opportunity for significant return on investment. Don't miss this chance to acquire a highly visible and versatile commercial land parcel in a thriving area.

    Property Features for 0 Perrin Rd

    General Information

    Property type
    Land
    Lot Size
    624,215 SF

    HighLights

    • 14.33‑acre commercial development site in Mascoutah, IL, at I‑64 Exit 23.
    • GC Commercial zoning, located in a 2017 TIF district, with all utilities available.
    • 530 feet of I‑64 frontage, priced at $1,118,000 ($78,000/acre).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lebanon
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.7822004
    Latitude
    38.5544762

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    FAQs

    What type of property is this?
    Land - 14 Acres, High Visibility, Excellent Location
    Where is this land located?
    The property is located at Perrin Rd Lebanon, IL.
    What is the asking price?
    The asking price for this property is $1,118,000.
    What are key features of this property?
    This property features: 14.33-acre commercial development site in Mascoutah, IL, at I-64 Exit 23.; GC Commercial zoning, located in a 2017 TIF district, with all utilities available.; 530 feet of I-64 frontage, priced at $1,118,000 ($78,000/acre).
    (618) 977-8367
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    Perrin Rd Lebanon, IL 62258
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    Lebanon, IL 62258
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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
    Perrin Rd Lebanon, IL 62258
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