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    1062 Green Mount Rd Belleville, IL 62221

    Sponsored
    For Sale
    $1,100,000

    2.88-acre retail development site in Belleville, IL.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2.88-acre commercial land parcel, located at 1062 North Green Mount Road in Belleville, Illinois (APN 09-06.0-100-103), presents a prime opportunity for retail development. Zoned Planned Business, this site boasts 188 feet of frontage and is strategically positioned within the newly expanded Dierberg's land acquisition area, benefiting from high traffic volume (18,300 ADT). Its proximity to established retailers like Target and the Shiloh Retail District ensures strong visibility and customer draw. A Phase 1 environmental report is readily available for review. The property's convenient location offers easy access to major transportation arteries, including Interstate 64 (Exit 16, less than one mile away), and is minutes from Memorial and St. Elizabeth's Hospitals. The asking price is $1,100,000, translating to $381,944 per acre. This represents a compelling investment opportunity in a thriving retail corridor. The minimum divisible acreage is 2.88 acres.

    Property Features for 1062 Green Mount Rd

    General Information

    Property type
    Land
    Lot Size
    125,453 SF

    HighLights

    • Sale Price: $8.76 per square foot
    • Minimum Divisible Parcel: 2.88 acres
    • Frontage: 188 feet
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.92769
    Latitude
    38.566024

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    FAQs

    What type of property is this?
    Land - 2.88-acre retail development site in Belleville, IL.
    Where is this land located?
    The property is located at 1062 Green Mount Rd Belleville, IL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Sale Price: $8.76 per square foot; Minimum Divisible Parcel: 2.88 acres; Frontage: 188 feet
    (618) 407-4240
    Request Owner's contact information
    1062 Green Mount Rd Belleville, IL 62221
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    Belleville, IL 62221
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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
    1062 Green Mount Rd Belleville, IL 62221
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