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    Rt. 157 Glen Carbon, IL 62034

    Sponsored
    For Sale
    $1,750,000

    30 Acres, Prime Location, I-270 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 30.52-acre commercial land parcel presents a remarkable investment opportunity in Glen Carbon, Illinois. Strategically located at the southeast corner of the I-270 and Illinois Route 157 interchange (Exit 9), this property boasts unparalleled visibility and accessibility. Zoned for general commercial use, it offers significant potential for a variety of developments. All essential utilities are available on-site. The property's adjacency to the Hampton Inn & Suites and its proximity (2 miles south) to Southern Illinois University Edwardsville (SIUE) further enhance its desirability. A conceptual development plan, "Sunset Terrace," illustrates potential road layouts and lot configurations, suggesting suitability for mixed-use commercial and residential projects. The two parcels included are 14-1-15-32-00-000-007.001 (20 acres) and 14-1-15-33-00-000-013 (10.52 acres). The asking price is $1,750,000, translating to $57,339 per acre. This prime location, coupled with its size and zoning, makes this an ideal investment for developers seeking high-impact commercial projects in a thriving community. Don't miss this chance to acquire a significant piece of land in a rapidly growing area.

    Property Features for 0 Rt. 157

    General Information

    Property type
    Land
    Lot Size
    1,329,451 SF

    HighLights

    • $1,750,000 asking price for 30.52 acres of commercial land.
    • General Commercial zoning.
    • Located at the SE corner of I‑270 and IL Rt. 157 interchange (Exit 9) in Glen Carbon, IL.
    • All utilities available.
    • Adjoins Hampton Inn & Suites and is 2 miles south of Southern Illinois University Edwardsville.
    • APN: 14‑1‑15‑32‑00‑000‑007.001 & 14‑1‑15‑33‑00‑000‑013.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Glen Carbon
    County
    Madison
    State
    Illinois
    Longitude
    -90.006385
    Latitude
    38.752898

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    FAQs

    What type of property is this?
    Land - 30 Acres, Prime Location, I-270 Access
    Where is this land located?
    The property is located at Rt. 157 Glen Carbon, IL.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: $1,750,000 asking price for 30.52 acres of commercial land.; General Commercial zoning.; Located at the SE corner of I-270 and IL Rt. 157 interchange (Exit 9) in Glen Carbon, IL.
    (618) 791-8396
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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
    Rt. 157 Glen Carbon, IL 62034
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