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    1308 Il-109 Jerseyville, IL 62052

    Sponsored
    For Sale
    $750,000

    5 Acres, Route 109 Frontage, $750,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 5-acre commercial land parcel presents a unique investment opportunity in Jerseyville, Illinois. Located at 1308 IL-109, this flat, rectangular site boasts 289 feet of frontage on Route 109 and a depth of 674 feet. The property's zoning is currently R-1, offering potential for various commercial developments. Utilities are conveniently located along Route 109, adjacent to the property's front. While the land is largely level, minimal grading may be required. The site is situated near recently constructed apartments, suggesting a growing and desirable area. The asking price is $750,000, translating to $3.44 per square foot. The property's APN is 04-028-002-75. This prime location and substantial acreage make this an ideal site for a variety of commercial ventures. Its high visibility on Route 109 ensures excellent exposure for any business. The proximity to existing residential development further enhances its appeal and potential for success. Don't miss this chance to acquire a significant commercial property in a thriving Illinois community. Serious inquiries only.

    Property Features for 1308 Il-109

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Jerseyville
    County
    Jersey
    State
    Illinois
    Longitude
    -90.322912109372
    Latitude
    39.104319376448

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    FAQs

    What type of property is this?
    Land - 5 Acres, Route 109 Frontage, $750,000
    Where is this land located?
    The property is located at 1308 Il-109 Jerseyville, IL.
    What is the asking price?
    The asking price for this property is $750,000.
    (618) 610-1632
    Request Owner's contact information
    1308 Il-109 Jerseyville, IL 62052
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    1308 Il-109
    Jerseyville, IL 62052
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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
    1308 Il-109 Jerseyville, IL 62052
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