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    800 Washington Meredosia, IL 62665

    Sponsored
    For Sale
    Contact for pricing

    93-acre redevelopment opportunity. Riverfront access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 93.43-acre industrial site presents a unique redevelopment opportunity in Meredosia, Illinois. Previously home to a 354 MW coal-fired power plant, the property boasts significant infrastructure advantages. Located on the east bank of the Illinois River, the site includes an 800-foot dock line with a potential for bulk material handling, featuring a clam shell bucket unloader and a spare bucket. The property benefits from existing heavy utilities, including high-voltage bulk electrical power from Ameren Illinois, natural gas, city water, and sanitary sewers. A Norfolk Southern rail spur is conveniently located nearby. Excellent truck access is provided via Illinois Route 67 and proximity to Interstates 72 (east-west) and 55 (north-south), with I-72 only 15 miles away at Exit 46. While the coal plant is slated for abatement and demolition, the bulk power substations will remain operational as Ameren property. USACE permits (numbers 823 and 741) cover the river structures and coal conveyor. This site offers substantial potential for a variety of industrial uses, leveraging its existing infrastructure and prime riverfront location. The property is zoned for industrial use and is situated in Morgan County, Illinois, with the address 800 South Washington, Meredosia, IL 62665.

    Property Features for 800 Washington

    General Information

    Property type
    Land
    Lot Size
    4,069,811 SF

    HighLights

    • Former 354 MW coal‑fired power plant site.
    • 800' of Illinois River dockage.
    • Abundant on‑site utilities.
    • Norfolk Southern rail spur access.
    • High‑voltage power available from Ameren Illinois.
    • Natural gas, city water, and sewer readily available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Food Market Bar & Pub Italian Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Meredosia
    County
    Morgan
    State
    Illinois
    Longitude
    -90.5680631
    Latitude
    39.8216377

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    FAQs

    What type of property is this?
    Land - 93-acre redevelopment opportunity. Riverfront access.
    Where is this land located?
    The property is located at 800 Washington Meredosia, IL.
    What are key features of this property?
    This property features: Former 354 MW coal-fired power plant site.; 800' of Illinois River dockage.; Abundant on-site utilities.
    Request Owner's contact information
    800 Washington Meredosia, IL 62665
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    Meredosia, IL 62665
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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
    800 Washington Meredosia, IL 62665
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