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    103 Mac Arthur Dr Bethalto, IL 62018

    Sponsored
    For Sale
    $1,225,000

    3.5-Acre Mixed-Use Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.5-acre commercial property in Bethalto, Illinois, presents a unique multi-use development opportunity. Located at 103 E MacArthur Dr, 62018, this prime site boasts over 40,000 vehicles passing daily due to its exceptional I-255 frontage, offering unparalleled visibility. Its convenient proximity to St. Louis Regional Airport makes it ideal for hotels, restaurants, or retail establishments. The property is situated within the Riverbend Enterprise Zone, providing potential economic incentives. Preliminary plans and a site survey are already complete, streamlining the development process. The existing structure will be demolished by the seller upon contract acceptance, eliminating demolition costs and providing a clean slate for your vision. This property's past use as an industrial manufacturing site offers a solid foundation and ample space for diverse business ventures. Seller financing is available, making this an attractive investment opportunity in Bethalto's thriving commercial sector. The property is zoned for commercial use, ensuring a smooth permitting process. This is a rare chance to capitalize on a high-traffic location with significant development potential.

    Property Features for 103 Mac Arthur Dr

    General Information

    Property type
    Lifestyle centers

    HighLights

    • High‑traffic I‑255 frontage, 40,000+ VPD.
    • Excellent airport proximity, ideal for hotels, retail, or service businesses.
    • Located within the Riverbend Enterprise Zone.
    • Demolition of existing structure included in sale price.
    • Spacious former industrial site, adaptable to various uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Gym & Fitness Auto Parts Store Storage Facility HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Bethalto
    County
    Madison
    State
    Illinois
    Longitude
    -90.065603
    Latitude
    38.903277

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    FAQs

    What type of property is this?
    Lifestyle center - 3.5-Acre Mixed-Use Development Opportunity
    Where is this lifestyle center located?
    The property is located at 103 Mac Arthur Dr Bethalto, IL.
    What is the asking price?
    The asking price for this property is $1,225,000.
    What are key features of this property?
    This property features: High-traffic I-255 frontage, 40,000+ VPD.; Excellent airport proximity, ideal for hotels, retail, or service businesses.; Located within the Riverbend Enterprise Zone.
    Request Owner's contact information
    103 Mac Arthur Dr Bethalto, IL 62018
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    Bethalto, IL 62018
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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
    103 Mac Arthur Dr Bethalto, IL 62018
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