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    6541 Il-162 Maryville, IL 62062

    Sponsored
    For Sale
    $500,000

    2.85 Acres, B-1 Zoning, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 2.85-acre commercial redevelopment site presents a unique investment opportunity in Maryville, Illinois. Located at 6541 IL-162, this property boasts 220 feet of frontage on the highly trafficked IL Route 162, offering unparalleled visibility and accessibility. The site benefits from its strategic location near the intersection of IL Route 162 and IL Route 159, adjacent to a newly constructed Circle K convenience store, ensuring high foot traffic and brand recognition. The property is zoned B-1, allowing for a variety of commercial development options. The land value ranges from $5.03 to $7.07 per square foot, representing a compelling price point for this prime location. Further enhancing its appeal, this site is situated within a Tax Increment Financing (TIF) district, potentially offering significant tax advantages to developers. The APN is 13-1-21-02-01-102-023/024. This property is ideal for developers seeking a high-visibility location with excellent access and potential tax benefits to build a thriving commercial venture. The asking price for this exceptional opportunity is $500,000. Don't miss this chance to acquire a premier commercial development site in a rapidly growing area.

    Property Features for 6541 Il-162

    General Information

    Property type
    Land
    Lot Size
    124,146 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Maryville
    County
    Madison
    State
    Illinois
    Longitude
    -89.9581764
    Latitude
    38.738468

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    FAQs

    What type of property is this?
    Land - 2.85 Acres, B-1 Zoning, High Visibility
    Where is this land located?
    The property is located at 6541 Il-162 Maryville, IL.
    What is the asking price?
    The asking price for this property is $500,000.
    (618) 610-1632
    Request Owner's contact information
    6541 Il-162 Maryville, IL 62062
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    Maryville, IL 62062
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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
    6541 Il-162 Maryville, IL 62062
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