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    481 Frank Scott Pkwy Belleville, IL 62223

    Sponsored
    For Sale
    $1,179,360

    65-Acre Development Site, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 65.52-acre property presents a remarkable investment opportunity in Belleville, Illinois. Located at 481 Frank Scott Pkwy West, this land boasts significant commercial and agricultural potential, zoned for agricultural use. The expansive lot offers 1,200 feet of frontage along Frank Scott Parkway West, a high-traffic area averaging 12,900 vehicles daily. Its strategic location provides excellent visibility and accessibility. The property is conveniently situated just half a mile from the intersection of Frank Scott Parkway and Illinois Route 159, and a short 2.5-mile drive to Interstate 64, Exit 12, ensuring seamless connectivity to major transportation routes. The asking price for this prime development site is $1,179,360. The seller is willing to consider dividing the property, offering flexibility for various development scenarios. The property's APN is 03-33.0-300-013, and it's situated in St. Clair County, Illinois, with a Belleville zip code of 62223. This is an ideal location for businesses seeking high visibility and convenient access to major roadways, making it a compelling investment for both commercial and agricultural ventures. The property's size and location make it suitable for a wide range of development possibilities.

    Property Features for 481 Frank Scott Pkwy

    General Information

    Property type
    Farms
    Lot Size
    2,854,051 SF

    HighLights

    • 65.52‑acre commercial/agricultural land in Belleville, IL.
    • High‑traffic location with 1,200 ft of frontage on Frank Scott Pkwy West (12,900 VPD).
    • Excellent visibility and access to major roadways (I‑64, IL Route 159).
    • $1,179,360 asking price; seller open to subdividing.
    • APN: 03‑33.0‑300‑013, St. Clair County, IL, 62223.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.996761
    Latitude
    38.574965

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    FAQs

    What type of property is this?
    Farm - 65-Acre Development Site, High Traffic
    Where is this farm located?
    The property is located at 481 Frank Scott Pkwy Belleville, IL.
    What is the asking price?
    The asking price for this property is $1,179,360.
    What are key features of this property?
    This property features: 65.52-acre commercial/agricultural land in Belleville, IL.; High-traffic location with 1,200 ft of frontage on Frank Scott Pkwy West (12,900 VPD).; Excellent visibility and access to major roadways (I-64, IL Route 159).
    Request Owner's contact information
    481 Frank Scott Pkwy Belleville, IL 62223
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    Belleville, IL 62223
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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
    481 Frank Scott Pkwy Belleville, IL 62223
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