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    Westgate Dr Columbia, IL 62236

    Sponsored
    For Sale
    $170,000

    3.53-Acre Commercial Site, Ready to Build

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 3.53-acre commercial development site presents a unique investment opportunity in Columbia, Illinois. Located at the intersection of DD Road and West Gate Drive, this property boasts a convenient location just two minutes from Interstate 255, ensuring excellent accessibility and high visibility. The site is zoned BP-2, allowing for a variety of commercial development possibilities. The land itself is level and utilities are readily available, minimizing development costs and expediting the construction process. With a total asking price of $170,000, this translates to a land value of $1.11 per square foot. The property's location within a thriving business park further enhances its appeal, offering potential synergies and a strong foundation for future growth. The parcel number is 04-08-302-003-000. This is an ideal opportunity for developers seeking a strategically located, readily developable site in a rapidly growing area. The level terrain and existing utility infrastructure significantly reduce upfront development costs and time, making this a highly attractive investment for businesses seeking to establish a presence in the Columbia, Illinois market. Don't miss this chance to acquire a prime piece of commercial real estate in a highly desirable location.

    Property Features for 0 Westgate Dr

    General Information

    Property type
    Land
    Lot Size
    153,767 SF

    HighLights

    • 3.53‑acre commercial development site in Columbia, IL.
    • Prime location at DD Road and West Gate Drive, two minutes from I‑255.
    • BP‑2 zoning allows for diverse commercial development.
    • Level land with readily available utilities.
    • Asking price: $170,000 ($1.11/SF).
    • Located in a thriving business park.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Columbia
    County
    Monroe
    State
    Illinois
    Longitude
    -90.2403436
    Latitude
    38.4625879

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    FAQs

    What type of property is this?
    Land - 3.53-Acre Commercial Site, Ready to Build
    Where is this land located?
    The property is located at Westgate Dr Columbia, IL.
    What is the asking price?
    The asking price for this property is $170,000.
    What are key features of this property?
    This property features: 3.53-acre commercial development site in Columbia, IL.; Prime location at DD Road and West Gate Drive, two minutes from I-255.; BP-2 zoning allows for diverse commercial development.
    (618) 277-4400
    Request Owner's contact information
    Westgate Dr Columbia, IL 62236
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    Westgate Dr
    Columbia, IL 62236
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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
    Westgate Dr Columbia, IL 62236
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