Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    38.70 Acre Commercial Site Title is generated by Realmo AI

    300 Harmony Dr, Edwardsville, IL 62025

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land near I-270 and IL-157 interchange.

    Type:Land
    Lot size:
    38.70 Acres
    Added:
    Jan 9, 2023
    Days on Market:
    1230
    Last Refresh:
    May 19 at 10:30 pm

    Property Features for 300 Harmony Dr

    General Information

    Standard status
    Active
    Lot size
    38.70 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Scott Muentnich

    Listing agent Scott Muentnich License #IL 475203507

    Listing office Barbermurphy Group

    Listing date Jan 9, 2023

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Barbermurphy Group

    HighLights

    • 38.70 Acre Site
    • Located adjacent to hotel and conference hall
    • Boasting 2,000 feet of frontage on Route 157
    • Near I‑270/IL‑157 Interchange (Exit 9)
    • All utilities are available
    • Divisible site with negotiable pricing

    Overview

    This 38.70-acre commercial site is located near the I-270 and IL-157 interchange (Exit 9), adjacent to a hotel and conference hall. It is also situated approximately 2 miles from both Interstate 255 and Southern Illinois University. The site features 2,000 feet of frontage on Route 157. All utilities are available. The site is divisible, and pricing is negotiable based on the division of the property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Building Supply Gym & Fitness Center Auto Repair Shop Accounting Firm Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Edwardsville
    County
    Madison
    State
    Illinois
    Longitude
    -90.003918
    Latitude
    38.763255

    Nearby Similar for Sale

    • $750,000
      6,580 SF

      Edwardsville Professional Office Opportunity

      3,290 SF office space in Sunset Hills Professional Center.
      4 Sunset Hills Professional Center, Edwardsville, IL 62025
      View Details
    • $395,000
      2,688 SF

      Versatile Commercial Property in Edwardsville

      Standout commercial property with high visibility and flexible space.
      220 S Buchanan Street, Edwardsville, IL 62025
      View Details
    • $695,000
      4,815 SF

      Edwardsville Office Near SIUE Campus

      Well-maintained 4,800+ sq ft office building near SIUE.
      100 N Research Drive, Edwardsville, IL 62025
      View Details
    • $720,000
      4,004 SF

      New Construction Duplex Investment Property

      New construction duplex with hardwood floors and granite countertops.
      652 N Kansas Street, Edwardsville, IL 62025
      View Details
    • $1,030,000
      17,056 SF

      Versatile Mixed-Use Commercial Property

      Expansive 17,000+ sq ft property in downtown Edwardsville.
      201 W High Street, Edwardsville, IL 62025
      View Details
    • $1,350,000
      4,224 SF

      Prime Commercial Site in Edwardsville

      1.03 acre commercial site with high traffic location.
      1100 S State Route 157, Edwardsville, IL 62025
      View Details
    • $758,700

      Edwardsville Commercial Land For Sale

      Mixed-use commercial property in Gateway Commerce Center Enterprise zone.
      3955 Blackburn Road, Edwardsville, IL 62025
      View Details
    • $65,990

      Residential Land in Edwardsville, IL

      Residential land available in Edwardsville, Illinois.
      3717 N Arbor Lake Drive, Edwardsville, IL 62025
      View Details
    • $75,000

      Residential Land in Stonebridge, Edwardsville

      Homesite in premier luxury community, build your custom dream home.
      100 Bristol Park Lane, Edwardsville, IL 62025
      View Details
    • $74,990

      Residential Lot in Arbor Lake

      Residential lot in premier Edwardsville subdivision, near Arbor Lake.
      3741 Cabernet Lane, Edwardsville, IL 62025
      View Details
    • $40,000

      Off-Lake Lot with Water Views

      Homesite with water views and lake access near Edwardsville.
      901 Tartuga Drive, Edwardsville, IL 62025
      View Details
    • $525,000

      Edwardsville Commercial Land Opportunity

      11.24 acres of commercial land in Edwardsville, Illinois.
      5405 Chain of Rocks Rd, Edwardsville, IL 62025
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land near I-270 and IL-157 interchange.
    Where is this commercial land located?
    The property is located at 300 Harmony Dr Edwardsville, IL.
    What is the asking price?
    The asking price for this property is $2,515,000.
    What are key features of this property?
    This property features: 38.70 Acre Site; Located adjacent to hotel and conference hall; Boasting 2,000 feet of frontage on Route 157
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Scott Muentnich
    Real Estate License ID: IL 475203507
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    300 Harmony Dr, Edwardsville, IL 62025
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!