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    State St Rte 15 Freeburg, IL 62243

    Sponsored
    For Sale
    $764,400
    Added:
    Dec 11, 2024
    Days on Market:
    395

    Property Features for 0 State St Rte 15

    General Information

    Property type
    Farms
    Lot Size
    1,083,337 SF

    HighLights

    • 21.95‑acre development site, divisible.
    • Excellent location for hotel, retail, or office development.
    • 550' of frontage on Route 15, 11,400 ADT.
    • All utilities available on‑site.
    • Front 3 acres: $405,000 ($135,000/acre).
    • Remaining 18.95 acres: $359,460 ($18,000/acre).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Freeburg
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.9089782
    Latitude
    38.4264624

    Nearby Comparable

    • $169,900
      1,524 SF

      Downtown Freeburg Commercial Opportunity

      Well-maintained commercial building in high-traffic location with rental income.
      105 S State St, Freeburg, IL 62243
      View Details
    • $757,800

      22.60 Acre Development Site

      22.60-acre development site ideal for multi-family, hotel, retail, or office.
      1064 N State St, Freeburg, IL 62243
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    • $400,000

      New Home in Meadow Pines

      New single-family home with basement in country setting.
      440 Foxtail Dr, Freeburg, IL 62243
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    • $485,000
      10,920 SF

      Freeburg Warehouse: $485,000

      10,920 SF Warehouse, Vacant, I-2 Zoning
      5 Commerce Dr, Freeburg, IL 62243
      View Details
    • $500,000
      107.07 Acres

      Freeburg, IL Vacant Hunting Land

      107.07 acres of farmland and wooded hunting ground.
      00 Ross Dr, Freeburg, IL 62243
      View Details

    Nearby Similar for Sale

    • $169,900
      1,524 SF

      Downtown Freeburg Commercial Opportunity

      Well-maintained commercial building in high-traffic location with rental income.
      105 S State St, Freeburg, IL 62243
      View Details
    • $400,000

      New Home in Meadow Pines

      New single-family home with basement in country setting.
      440 Foxtail Dr, Freeburg, IL 62243
      View Details
    • $485,000
      10,920 SF

      Freeburg Warehouse: $485,000

      10,920 SF Warehouse, Vacant, I-2 Zoning
      5 Commerce Dr, Freeburg, IL 62243
      View Details

    FAQs

    Where is this farm located?
    The property is located at State St Rte 15 Freeburg, IL.
    What is the asking price?
    The asking price for this property is $764,400.
    What are key features of this property?
    This property features: 21.95-acre development site, divisible.; Excellent location for hotel, retail, or office development.; 550' of frontage on Route 15, 11,400 ADT.
    Request Owner's contact information
    State St Rte 15 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
    State St Rte 15 Freeburg, IL 62243
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