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    Cor Of I-64 / Rt. 4 / Perrin Rd Mascoutah, IL 62258

    Sponsored
    For Sale
    $3,000,000

    37-acre development site, I-64 access, utilities available.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 37.2-acre commercial development site presents a unique investment opportunity in Mascoutah, Illinois. Strategically located at the northeast corner of I-64 and Route 4/Perrin Road, this property boasts unparalleled visibility and accessibility. Zoned GC-General Commercial, it's ready for immediate development. All utilities are on-site, simplifying the construction process and minimizing upfront costs. The property is situated within a newly established Tax Increment Financing (TIF) district, offering potential tax advantages for developers. Comprehensive due diligence has already been completed, including surveys, topography studies, and Phase I environmental assessments. This significantly reduces the time and expense typically associated with site preparation. The seller is willing to consider dividing the property to accommodate various development needs. With its prime location, desirable zoning, and completed preliminary work, this site is ideal for a wide range of commercial ventures. The land value is $1.85 per square foot. The APN is 10-06.0-400-022. This is a rare opportunity to acquire a fully prepared commercial site in a high-growth area. Don't miss out on this exceptional investment prospect.

    Property Features for 0 Cor Of I-64 / Rt. 4 / Perrin Rd

    General Information

    Property type
    Land
    Lot Size
    609,840 SF

    HighLights

    • Generous Commercial Zoning.
    • Located in the New Tif District.
    • Utilities readily available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mascoutah
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.8071536
    Latitude
    38.5561187

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    FAQs

    What type of property is this?
    Land - 37-acre development site, I-64 access, utilities available.
    Where is this land located?
    The property is located at Cor Of I-64 / Rt. 4 / Perrin Rd Mascoutah, IL.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Generous Commercial Zoning.; Located in the New Tif District.; Utilities readily available.
    (618) 977-8367
    Request Owner's contact information
    Cor Of I-64 / Rt. 4 / Perrin Rd Mascoutah, IL 62258
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    Mascoutah, 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
    Cor Of I-64 / Rt. 4 / Perrin Rd Mascoutah, IL 62258
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