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    Wagon Wheel Rd Roxana, IL 62087

    For Sale
    $1,027,750

    Prime Industrial Site, South Roxana, IL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 41-acre industrial development site presents a unique investment opportunity in South Roxana, Illinois. Located in Madison County, this property boasts a convenient location, just one mile from Interstate 255 (Exit 3), ensuring excellent accessibility for transportation and logistics. The land is zoned for industrial use, offering significant potential for various development projects. All utilities are readily available, simplifying the construction process. The site features level topography, making it ideal for efficient development and minimizing site preparation costs. Adding to its appeal, this property is situated within both a Tax Increment Financing (TIF) District and an Enterprise Zone, potentially offering significant tax advantages and economic incentives for developers. The APN is 18-1-14-12-00-000-007. The asking price is $1,027,750, translating to $25,000 per acre. This represents a compelling value proposition for investors seeking a strategically located, readily developable industrial land parcel. The property address is Wagon Wheel Rd, South Roxana, IL 62087.

    Property Features for 0 Wagon Wheel Rd

    General Information

    Property type
    Land
    Lot Size
    871,200 SF

    HighLights

    • 41‑acre industrial zoned development site available for sale.
    • All utilities are readily available on‑site. Level topography ideal for development.
    • Excellent highway access: 1 mile from I‑255, Exit 3. Located in a Tax Increment Financing (TIF) District and Enterprise Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Roxana
    County
    Madison
    State
    Illinois
    Longitude
    -90.0629989
    Latitude
    38.8126837

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    FAQs

    What type of property is this?
    Land - Prime Industrial Site, South Roxana, IL
    Where is this land located?
    The property is located at Wagon Wheel Rd Roxana, IL.
    What is the asking price?
    The asking price for this property is $1,027,750.
    What are key features of this property?
    This property features: 41-acre industrial zoned development site available for sale.; All utilities are readily available on-site. Level topography ideal for development.; Excellent highway access: 1 mile from I-255, Exit 3. Located in a Tax Increment Financing (TIF) District and Enterprise Zone.
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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
    Wagon Wheel Rd Roxana, IL 62087
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