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    5024 Illinois St Fairview Heights, IL 62208

    Sponsored
    For Sale
    Contact for pricing

    Half-acre lots, ready for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.52-acre commercial land parcel is ideally situated in the thriving Lakeview Commons Medical Park, offering unparalleled potential for development. Located at 5024 N Illinois St, Fairview Heights, IL 62208 (APN: 03-34.0-311-004), this property boasts a highly desirable PB zoning designation. The land is pad-ready, perfectly suited for construction of a building with a 4,000 square foot footprint. Priced at $317,308 per acre, this represents a significant opportunity for investors seeking a strategic location with high visibility. The property's prime location off the high-traffic North Illinois Street (IL Route 159) ensures excellent accessibility and exposure to a large customer base. This is a rare chance to acquire a well-positioned commercial lot in a rapidly growing area, offering immediate potential for development and strong return on investment. Don't miss this opportunity to secure a piece of Fairview Heights' vibrant commercial landscape. Serious inquiries only.

    Property Features for 5024 Illinois St

    General Information

    Property type
    Land
    Lot Size
    22,651 SF

    HighLights

    • 0.52‑acre commercial lot in Lakeview Commons Medical Park, Fairview Heights, IL.
    • Pad‑ready site, suitable for a 4,000 sq ft building.
    • Highly desirable PB zoning.
    • Located on high‑traffic North Illinois St. (IL Route 159).
    • Priced at $317,308 per acre.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairview Heights
    County
    St Clair
    State
    Illinois
    Longitude
    -89.983474
    Latitude
    38.576058

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    FAQs

    What type of property is this?
    Land - Half-acre lots, ready for development.
    Where is this land located?
    The property is located at 5024 Illinois St Fairview Heights, IL.
    What are key features of this property?
    This property features: 0.52-acre commercial lot in Lakeview Commons Medical Park, Fairview Heights, IL.; Pad-ready site, suitable for a 4,000 sq ft building.; Highly desirable PB zoning.
    (618) 606-3829
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    5024 Illinois St Fairview Heights, IL 62208
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    Fairview Heights, IL 62208
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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
    5024 Illinois St Fairview Heights, IL 62208
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