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    8955 Bevo Ct Belleville, IL 62223

    Sponsored
    For Sale
    $289,000

    8.65 Acres, D-1 Zoning, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8.65-acre industrial land parcel in Belleville, Illinois, presents a unique investment opportunity. Located at 8955 Bevo Ct, this property boasts a prime location with direct access to IL-15 at Busch Boulevard, benefiting from a high average daily traffic count of 31,200 vehicles. The land is zoned D-1 Light Industrial, providing flexibility for a variety of uses. The site features existing water and sewer infrastructure, along with underground utilities, simplifying development. Importantly, the City of Belleville approved this site in June 2020 for a special use permit as an "adult-use Cannabis Craft Grower Organization," although this is not a guarantee of future approvals. The property's size ranges from 3.48 to 8.65 acres, with a price per acre of $34,104. Recent road improvements have enhanced accessibility and infrastructure. The APN is 07-10.0-202-001/006. This strategic location and existing infrastructure make this a compelling opportunity for industrial development in a thriving area. The property's history of prior approvals for specific uses should be independently verified. This offering presents a rare chance to acquire a well-situated industrial land parcel with significant potential.

    Property Features for 8955 Bevo Ct

    General Information

    Property type
    Land
    Lot Size
    151,589 SF

    HighLights

    • Improved road infrastructure with underground utilities.
    • Light industrial zoning (D‑1).
    • Prior cannabis cultivation approval.
    • High‑traffic location fronting IL 15, boasting 31,200 average daily traffic (ADT).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Hotel & Motel Pharmacy Department Store Storage Facility HVAC Service Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    St Clair
    State
    Illinois
    Longitude
    -90.077324
    Latitude
    38.553238

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    FAQs

    What type of property is this?
    Land - 8.65 Acres, D-1 Zoning, High Traffic
    Where is this land located?
    The property is located at 8955 Bevo Ct Belleville, IL.
    What is the asking price?
    The asking price for this property is $289,000.
    What are key features of this property?
    This property features: Improved road infrastructure with underground utilities.; Light industrial zoning (D-1).; Prior cannabis cultivation approval.
    Request Owner's contact information
    8955 Bevo Ct 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
    8955 Bevo Ct Belleville, IL 62223
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