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    Frank Scott Pkwy Fairview Heights, IL 62208

    Sponsored
    For Sale
    $150,000

    Prime 4.87-Acre Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4.87-acre commercial development site is located in Fairview Heights, Illinois, at 62208, Frank Scott Parkway West. Zoned B-1, this pad-ready lot boasts 440 feet of frontage on Frank Scott Parkway, enjoying high visibility with an average daily traffic count of 13,000 vehicles. Its strategic location within a thriving retail corridor places it adjacent to a Target store, ensuring significant foot traffic and consumer accessibility. The property's significant advantage lies in its pre-existing extensive site improvements and readily available utilities, minimizing development hurdles and accelerating project timelines. The asking price is $150,000 per acre, totaling $150,000 for the entire parcel (APN: 03.33.0-404-031). Its proximity to the intersection of Frank Scott Parkway and IL Route 159, and a convenient 2.3-mile distance from I-64 (Exit 12), provides unparalleled access to major transportation arteries, enhancing its appeal to a wide range of commercial ventures. This presents a unique opportunity for developers seeking a prime location with minimal upfront infrastructure costs. The site's size and location make it ideal for a variety of commercial uses, offering significant potential for return on investment.

    Property Features for 0 Frank Scott Pkwy

    General Information

    Property type
    Land
    Lot Size
    212,137 SF

    HighLights

    • 4‑acre pad‑ready development site for sale.
    • Prime retail location near Frank Scott Parkway and IL Route 159.
    • 440 feet of frontage on Frank Scott Parkway West, 13,000 ADT.
    • 2.3 miles south of I‑64, Exit 12.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fairview Heights
    County
    St. Clair
    State
    Illinois
    Longitude
    -90.0093266
    Latitude
    38.6005324

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    FAQs

    What type of property is this?
    Land - Prime 4.87-Acre Development Site
    Where is this land located?
    The property is located at Frank Scott Pkwy Fairview Heights, IL.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: 4-acre pad-ready development site for sale.; Prime retail location near Frank Scott Parkway and IL Route 159.; 440 feet of frontage on Frank Scott Parkway West, 13,000 ADT.
    (618) 407-4240
    Request Owner's contact information
    Frank Scott Pkwy Fairview Heights, IL 62208
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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
    Frank Scott Pkwy Fairview Heights, IL 62208
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