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    Il Rte 159 & Biver Ln Belleville, IL 62221

    For Sale
    Contact for pricing

    Prime IL Route 159 location, developable land.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional commercial land parcel, totaling between 1 and 9 acres, presents a remarkable investment opportunity in Belleville, Illinois. Strategically located on IL Route 159 (S. Illinois St.) and Biver Lane, the property boasts over 500 feet of frontage on a major thoroughfare, ensuring high visibility and accessibility. The site is zoned SR-3, offering flexibility for a variety of commercial developments. The land itself is flat and readily developable, making it ideal for immediate construction. Its advantageous location is further enhanced by its proximity to Route 15, less than a mile to the north, and the presence of a new single-family residential development to the east, as well as Westhaven School. The property's location provides excellent access to a growing residential population and offers significant potential for future growth. Most utilities are available, simplifying the development process. The APN numbers are 08-34.0-300-004

    Property Features for 0 Il Rte 159 & Biver Ln

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • Over 500 feet of frontage on IL Route 159 (S. Illinois St.).
    • Most utilities available.
    • Large residential development to the east.
    • North/South thoroughfare.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Belleville
    County
    St Clair
    State
    Illinois
    Longitude
    -89.897282
    Latitude
    38.5164786

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    FAQs

    What type of property is this?
    Land - Prime IL Route 159 location, developable land.
    Where is this land located?
    The property is located at Il Rte 159 & Biver Ln Belleville, IL.
    What are key features of this property?
    This property features: Over 500 feet of frontage on IL Route 159 (S. Illinois St.).; Most utilities available.; Large residential development to the east.
    (618) 973-5507
    Request Owner's contact information
    Il Rte 159 & Biver Ln Belleville, IL 62221
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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
    Il Rte 159 & Biver Ln Belleville, IL 62221
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