Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5305-5315 Illinois St Fairview Heights, IL 62208

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime 2.18-acre redevelopment site. High traffic.

    Property Features for 5305-5315 Illinois St

    General Information

    Property type
    Land
    Lot Size
    94,961 SF

    We can help!

    Listing Contact
    Matt Barriger
    Matt Barriger

    Listing Agent: Matt Barriger

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 2.18-acre commercial development opportunity is located in Fairview Heights, Illinois, at 5305-5315 N. Illinois (IL-159), boasting 382 feet of frontage south of St. Clair Square. The property, identified by APN 03-33.0-210-020;021;024;03-33.0-212-028, is zoned B3, offering significant flexibility for a variety of commercial uses. The site currently features three small structures that can be readily vacated, allowing for immediate redevelopment. This prime location benefits from exceptional visibility and accessibility, situated along a high-traffic corridor with an average daily traffic count of 25,600 vehicles on Route 159. The asking price has been significantly reduced to $400,000, presenting a compelling investment opportunity for developers seeking a strategic location in a thriving market. The property's size and zoning make it ideal for a wide range of commercial projects, capitalizing on the high traffic volume and proximity to St. Clair Square. This is a rare chance to acquire a substantial commercial parcel in a desirable location at a reduced price. Don't miss this opportunity to secure a prime piece of Fairview Heights real estate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Hotel & Motel Department Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairview Heights
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.9852411
    Latitude
    38.5799768

    Nearby Similar for Sale

    • $312,000
      2,700 SF

      Retail Building with High Traffic

      2700 SF retail building with high traffic location.
      10099 Lincoln Trl, Fairview Heights, IL 62208
      View Details
    • $225,000
      1,257 SF

      Fairview Heights Retail Opportunity

      Retail property in high-traffic area near major retailers.
      5105 N Illinois St, Fairview Heights, IL 62208
      View Details
    • $199,000
      1,540 SF

      Fairview Heights Car Wash Business

      Self-serve car wash with 4 bays on a busy highway.
      9509 Saint Clair Ave, Fairview Heights, IL 62208
      View Details
    • $2,200,000
      5,896 SF

      Restaurant Building with High Visibility

      Second-generation restaurant with existing FF&E, ample parking, and signage.
      6900 N Illinois St, Fairview Heights, IL 62232
      View Details
    • Contact for pricing
      7,820 SF

      Mixed-Use Property in Fairview Heights

      5,940 SF building with office, warehouse, and showroom space.
      5515 Old Collinsville Rd, Fairview Heights, IL 62232
      View Details
    • Contact for pricing
      1,716 SF

      Leased Office Building Investment

      Fully leased office building in high-traffic Fairview Heights location.
      5403 N Illinois St, Fairview Heights, IL 62232
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Main Corridor

      Well-maintained retail space near Schnucks and St. Clair Square Mall.
      513 Lincoln Hwy, Fairview Heights, IL
      View Details
    • Contact for pricing
      12,500 SF

      Fairview Heights Retail Investment Opportunity

      12,500 SF retail property with high occupancy and CAP rate.
      10251 Lincoln Trl, Fairview Heights, IL
      View Details
    • Contact for pricing
      1,500 SF

      Free-Standing Building on St. Clair

      2,500 SF building at signalized intersection, excellent visibility.
      10050 St Clair Ave, Fairview Heights, IL
      View Details
    • Contact for pricing
      5,172 SF

      Freestanding Building on Lincoln Highway

      5,172 SF building on 0.80 acres, high visibility.
      928 Lincoln Hwy, Fairview Heights, IL
      View Details
    • Contact for pricing
      5,080 SF

      Medical Space with Long-Term Tenant

      Stable healthcare investment with a reputable tenant and rent increases.
      5 Ludwig Dr, Fairview Heights, IL
      View Details
    • Contact for pricing
      14,295 SF

      Renovated Showroom and Service Center

      Recently renovated showroom and service center with high traffic visibility.
      501 Salem Pl, Fairview Heights, IL
      View Details

    FAQs

    What type of property is this?
    Land - Prime 2.18-acre redevelopment site. High traffic.
    Where is this land located?
    The property is located at 5305-5315 Illinois St Fairview Heights, IL.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: $400,000 asking price.; 2.18-acre commercial development site.; B3 zoning.
    (618) 973-5507 Call to check price and availability
    Request Owner's contact information
    5305-5315 Illinois St Fairview Heights, IL 62208
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5305-5315 Illinois St
    Fairview Heights, IL 62208
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    5305-5315 Illinois St Fairview Heights, IL 62208
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Matt Barriger
    Matt Barriger
    Real Estate License ID: 475148523
    (618) 973-5507 (702) 215-7125 (702) 250-3392
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!