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    Old Hwy 50 Lebanon, IL 62254

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    For Sale
    Contact for pricing

    34+ Acres, Hwy 50 & Rte 4, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 34.53-acre commercial development site presents a unique investment opportunity in Lebanon, Illinois. Strategically located near the intersection of Highway 50 and Route 4, this property offers unparalleled access to major transportation arteries. Minutes away from Interstate 64, St. Louis Midamerica Airport, and Scott Air Force Base, this location boasts exceptional connectivity. Currently zoned for agricultural use, the land is situated within a Tax Increment Financing (TIF) district and is designated for commercial development in the city's long-term plan. The property's versatility allows for potential subdivision, catering to a range of development projects. With a price of $29,500 per acre, this expansive parcel represents a compelling opportunity for significant return on investment. The parcel's APN is 05-30.0-101-009. This prime location, coupled with its future commercial zoning and proximity to key infrastructure, makes this a highly desirable property for discerning investors and developers seeking a strategic foothold in a rapidly growing area. The address is Old U.S. Hwy 50, Lebanon, IL 62254.

    Property Features for 0 Old Hwy 50

    General Information

    Property type
    Farms
    Lot Size
    1,504,127 SF

    HighLights

    • 34.53‑acre commercial development site in Lebanon, IL.
    • Prime location near Highways 50 & 4, minutes from I‑64, St. Louis Midamerica Airport, and Scott Air Force Base.
    • Located in a Tax Increment Financing (TIF) district, designated for commercial development.
    • $29,500 per acre.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lebanon
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.7553089
    Latitude
    38.6038766

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    FAQs

    What type of property is this?
    Farm - 34+ Acres, Hwy 50 & Rte 4, Development Ready
    Where is this farm located?
    The property is located at Old Hwy 50 Lebanon, IL.
    What are key features of this property?
    This property features: 34.53-acre commercial development site in Lebanon, IL.; Prime location near Highways 50 & 4, minutes from I-64, St. Louis Midamerica Airport, and Scott Air Force Base.; Located in a Tax Increment Financing (TIF) district, designated for commercial development.
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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
    Old Hwy 50 Lebanon, IL 62254
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