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    855 Green Mount Rd Belleville, IL 62221

    For Sale
    $1,339,000

    High-profile commercial/residential land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional property offers two development parcels totaling 4.73 acres and an additional 1.92 acres, strategically located at 855 N Green Mount Rd, Belleville, IL 62221. The larger parcel boasts 410 feet of frontage at the entrance to Greystone Estates, while the smaller, 1.92-acre parcel sits at the hard corner of N Green Mount Rd and Greystone Estate Pkwy, offering 273 feet of frontage. Both sites benefit from a high traffic count of 19,000 ADT and are zoned B-1 Neighborhood Comm. The land is priced between $6.50 and $6.88 per square foot, with an asking price of $1,339,000. This prime location offers easy access to major thoroughfares, including I-64 (Exit 16, less than one mile away), and is situated near established retail centers such as Dierbergs and Target, as well as Shiloh's newly developed retail district. The property's proximity to Memorial and St. Elizabeth's Hospitals, and the Siteman Cancer Center, further enhances its appeal. All utilities are conveniently located on-site. This presents a unique opportunity for developers seeking a high-visibility location with excellent access and strong surrounding infrastructure. The APN numbers are 08-01.0-407-108 and 08-01.0-407-107.

    Property Features for 855 Green Mount Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    83,635 SF

    HighLights

    • Two development parcels totaling 6.65 acres in Belleville, IL.
    • High‑traffic location (19,000 ADT) with excellent visibility at the entrance to Greystone Estates.
    • Less than 1 mile from I‑64 (Exit 16).
    • All utilities on‑site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    High-rise multifamily apartments

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Building Supply Auto Repair Shop Gym & Fitness Wholesale Shop Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    St Clair
    State
    Illinois
    Longitude
    -89.9292253
    Latitude
    38.5585009

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    FAQs

    What type of property is this?
    Multifamily property - High-profile commercial/residential land
    Where is this multifamily property located?
    The property is located at 855 Green Mount Rd Belleville, IL.
    What is the asking price?
    The asking price for this property is $1,339,000.
    What are key features of this property?
    This property features: Two development parcels totaling 6.65 acres in Belleville, IL.; High-traffic location (19,000 ADT) with excellent visibility at the entrance to Greystone Estates.; Less than 1 mile from I-64 (Exit 16).
    (502) 767-4199
    Request Owner's contact information
    855 Green Mount Rd Belleville, IL 62221
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    Belleville, IL 62221
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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
    855 Green Mount Rd Belleville, IL 62221
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