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    Illinois State Rte 162 Maryville, IL 62062

    Sponsored
    For Sale
    $349,000

    1.75 Acres, High Visibility, $349,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.75-acre commercial land parcel is strategically located on Illinois State Route 162 in Maryville, Illinois, 62062 (APN: 13-1-21-02-03-301-010.001). Boasting a prime location just one block west of Illinois Route 159, this property offers unparalleled visibility and accessibility. Situated within a Tax Increment Financing (TIF) district, this site presents a compelling investment opportunity. An adjoining 2.24-acre lot is also available for purchase, providing potential for expansion or development synergy. The area features a mix of retail and office spaces, further enhancing its commercial viability. This location is highly convenient, less than half a mile from Anderson Hospital and Interstate access, ensuring easy access for employees and customers. All essential utilities are readily available, including city water and sewer services, along with Ameren Illinois for gas and electricity. The property is zoned B-1, allowing for a variety of commercial uses. The asking price is $349,000, representing a price per acre of $199,428. This is a rare opportunity to acquire a well-positioned commercial land parcel in a thriving area.

    Property Features for 0 Illinois State Rte 162

    General Information

    Property type
    Land
    Lot Size
    76,230 SF

    HighLights

    • $349,000 asking price for 1.75 acres of commercial land.
    • B‑1 zoning.
    • Located at 13‑1‑21‑02‑03‑301‑010.001 (APN) on Illinois State Route 162, Maryville, IL 62062.
    • $199,428 per acre land value.
    • City water, sewer, Ameren Illinois gas and electric available on‑site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Maryville
    County
    Madison
    State
    Illinois
    Longitude
    -89.9668048
    Latitude
    38.7384697

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    FAQs

    What type of property is this?
    Land - 1.75 Acres, High Visibility, $349,000
    Where is this land located?
    The property is located at Illinois State Rte 162 Maryville, IL.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: $349,000 asking price for 1.75 acres of commercial land.; B-1 zoning.; Located at 13-1-21-02-03-301-010.001 (APN) on Illinois State Route 162, Maryville, IL 62062.
    (618) 570-8344
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    Illinois State Rte 162 Maryville, IL 62062
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    Maryville, IL 62062
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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
    Illinois State Rte 162 Maryville, IL 62062
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