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    I-270 Rte 203 Granite City, IL 62040

    Sponsored
    For Sale
    $225,000

    Prime Commercial Land, Granite City, IL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.38-acre commercial land parcel presents a remarkable investment opportunity in Granite City, Illinois. Strategically located at the southeast quadrant of I-270 and IL Route 203, this property boasts unparalleled visibility and accessibility. The B-2 zoning permits a wide range of commercial uses, making it ideal for businesses seeking high traffic exposure. With I-270 bordering the property to the north, this site benefits from exceptional interstate visibility and convenient access. High daily traffic counts are a significant advantage: I-270 sees 56,900 vehicles per day, while Route 203 registers 13,200. The asking price is $225,000, translating to $66,568 per acre. All utilities are readily available at or near the property, simplifying development and reducing infrastructure costs. This location is particularly well-suited for businesses such as fast food restaurants, gas stations, or other enterprises that thrive on high visibility and convenient access from major roadways. The property's APN is 18-1-14-33-02-203-001. Don't miss this chance to acquire a highly desirable commercial site in a thriving location.

    Property Features for I-270 Rte 203

    General Information

    Property type
    Land
    Lot Size
    147,233 SF

    HighLights

    • 3.38‑acre parcel available for sale.
    • High visibility location with convenient I‑270 access.
    • High traffic counts: 56,900 ADT on I‑270 and 13,200 ADT on IL Route 203.
    • Ideal for quick‑service restaurants, gas stations, and similar uses.
    • Utilities readily available at or near the site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Granite City
    County
    Madison
    State
    Illinois
    Longitude
    -90.1186336
    Latitude
    38.7660527

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, Granite City, IL
    Where is this land located?
    The property is located at I-270 Rte 203 Granite City, IL.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: 3.38-acre parcel available for sale.; High visibility location with convenient I-270 access.; High traffic counts: 56,900 ADT on I-270 and 13,200 ADT on IL Route 203.
    (618) 570-8344
    Request Owner's contact information
    I-270 Rte 203 Granite City, IL 62040
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    Granite City, IL 62040
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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
    I-270 Rte 203 Granite City, IL 62040
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