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    3321 Mississippi Ave Cahokia, IL 62206

    Sponsored
    For Sale
    $65,000

    0.52-acre lot, B-2 zoning, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 0.52-acre commercial land parcel, located at 3321 Mississippi Ave in Cahokia, Illinois (zip code 62206), presents a compelling investment opportunity. The property, identified by APN 01-35.0-102-006, is zoned B-2 and boasts an asphalt surface. Situated on Mississippi Avenue (Route 3), it benefits from high visibility and traffic, with a daily traffic count of 20,100 vehicles. All utilities are available at or adjacent to the site. Its strategic location provides convenient access to major interstates I-64/40, I-55, and I-255. The property's adjacency to Sasak Plaza further enhances its appeal. This location within a Tax Increment Financing (TIF) zone offers potential tax advantages. Ideal for a variety of commercial uses, including a used car lot, this property is priced at $65,000. Don't miss this chance to acquire a prime commercial lot in a thriving area.

    Property Features for 3321 Mississippi Ave

    General Information

    Property type
    Land
    Lot Size
    22,651 SF

    HighLights

    • 0.52‑acre asphalted lot adjacent to Sasak Plaza.
    • All utilities available at or adjacent to the site.
    • High‑traffic location on Route 3 (Mississippi Ave.) with 20,100 ADT.
    • Excellent opportunity for a used car lot.
    • Convenient access to Interstates I‑64/40, I‑55, and I‑255.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cahokia
    County
    St. Clair
    State
    Illinois
    Longitude
    -90.1783448
    Latitude
    38.5850844

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    Nearby Similar for Sale

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      Retail Building on High-Traffic Corridor

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    FAQs

    What type of property is this?
    Land - 0.52-acre lot, B-2 zoning, high traffic.
    Where is this land located?
    The property is located at 3321 Mississippi Ave Cahokia, IL.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: 0.52-acre asphalted lot adjacent to Sasak Plaza.; All utilities available at or adjacent to the site.; High-traffic location on Route 3 (Mississippi Ave.) with 20,100 ADT.
    (618) 570-8344
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    3321 Mississippi Ave Cahokia, IL 62206
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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
    3321 Mississippi Ave Cahokia, IL 62206
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