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    Perrin Rd Lebanon, IL 62258

    Sponsored
    For Sale
    Contact for pricing

    Prime 37.2-acre development site in Mascoutah, IL.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 37.2-acre commercial development site presents a rare opportunity for investors and developers. Strategically located in Mascoutah, Illinois, with a highly desirable address on Perrin Road, this property boasts 530 feet of frontage along Interstate 64, ensuring unparalleled visibility and accessibility. The property is zoned GC-General Commercial, allowing for a wide range of development possibilities. The lot size offers ample space for large-scale projects, while its location within a Tax Increment Financing (TIF) district, established in 2017, provides significant financial incentives. All essential utilities are conveniently located nearby, simplifying the development process and minimizing infrastructure costs. The property's location in St. Clair County, Illinois, and its proximity to Interstate 64, make it an ideal location for businesses seeking high visibility and easy access to major transportation routes. The assessed parcel number (APN) is 10-07.0-200-009. The land is priced at $80,645 per acre, representing a compelling investment opportunity given its size, location, and zoning. This property is ready for immediate development and offers substantial potential for significant return on investment. The zip code is 62258.

    Property Features for 0 Perrin Rd

    General Information

    Property type
    Land
    Lot Size
    1,620,432 SF

    HighLights

    • 37.2‑acre commercial development site in Mascoutah, IL.
    • 530' of I‑64 frontage provides exceptional visibility and accessibility.
    • GC‑General Commercial zoning allows diverse development options.
    • Located in a TIF district (established 2017) offering financial incentives.
    • Utilities readily available.
    • APN: 10‑07.0‑200‑009; $80,645/acre.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lebanon
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.7822004
    Latitude
    38.5544762

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    FAQs

    What type of property is this?
    Land - Prime 37.2-acre development site in Mascoutah, IL.
    Where is this land located?
    The property is located at Perrin Rd Lebanon, IL.
    What are key features of this property?
    This property features: 37.2-acre commercial development site in Mascoutah, IL.; 530' of I-64 frontage provides exceptional visibility and accessibility.; GC-General Commercial zoning allows diverse development options.
    (618) 977-8367
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    Perrin Rd Lebanon, IL 62258
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    Lebanon, IL 62258
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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
    Perrin Rd Lebanon, IL 62258
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