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    6532 Il Rte 162 Maryville, IL 62062

    Sponsored
    For Sale
    $599,000

    2.24 Acres, B-1 Zoning, $599,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 2.24-acre commercial development site presents a unique investment opportunity in Maryville, Illinois. Ideally situated at 6532 IL Route 162, this property boasts 235 feet of frontage along the heavily trafficked Route 162, offering excellent visibility and accessibility. The land is zoned B-1, allowing for a variety of commercial uses. Utilities are readily available, including water, gas, and electricity, with sewer anticipated to be in place. The property's strategic location provides convenient access to major transportation arteries, situated only 1.3 miles from I-270 and 2.5 miles from I-55/70, ensuring seamless connectivity for businesses and customers. Further enhancing its appeal, this site is located within a Tax Increment Financing (TIF) district, potentially offering significant financial advantages. The asking price is $599,000, translating to a land value of $6.14 per square foot. The property's APN is 13-1-21-02-03-301-010. This is a rare opportunity to acquire a well-positioned commercial parcel in a thriving area with excellent infrastructure and access to major highways. Don't miss this chance to build your business in a prime location.

    Property Features for 6532 Il Rte 162

    General Information

    Property type
    Land
    Lot Size
    97,574 SF

    HighLights

    • 2.24‑acre site near the intersection of IL Route 159 and IL Route 162.
    • 235 feet of frontage on IL Route 162.
    • Utilities available: water, gas, electric; sewer anticipated by the village in 2021.
    • Convenient access to I‑270 (1.3 miles) and I‑55/70 (2.5 miles).
    • Located within a Tax Increment Financing (TIF) district.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Maryville
    County
    Madison
    State
    Illinois
    Longitude
    -89.9588693
    Latitude
    38.7377319

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    FAQs

    What type of property is this?
    Land - 2.24 Acres, B-1 Zoning, $599,000
    Where is this land located?
    The property is located at 6532 Il Rte 162 Maryville, IL.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: 2.24-acre site near the intersection of IL Route 159 and IL Route 162.; 235 feet of frontage on IL Route 162.; Utilities available: water, gas, electric; sewer anticipated by the village in 2021.
    (618) 570-8344
    Request Owner's contact information
    6532 Il 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
    6532 Il Rte 162 Maryville, IL 62062
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