Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Old Hwy 50 Lebanon, IL 62254

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

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

    Property Features for 0 Old Hwy 50

    General Information

    Property type
    Farms
    Lot Size
    1,504,127 SF

    We can help!

    Listing Contact
    Joe Hardin
    Joe Hardin

    Listing Agency: Barbermurphy Group Listing Agent: Joe Hardin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    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 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

    Nearby Similar for Sale

    • $175,000
      2,592 SF

      Lebanon Commercial Facility For Sale

      Commercially zoned facility with potential for office, worship, or restaurant.
      221 E Saint Louis St, Lebanon, IL 62254
      View Details
    • $150,000
      Pending

      Car Wash Opportunity in Lebanon

      Car wash with highway visibility on a double lot.
      221 N Madison St, Lebanon, IL 62254
      View Details
    • New
      $175,000
      2,736 SF

      Lebanon Four-Unit Investment Opportunity

      Well-maintained four-unit building near McKendree University.
      204 S Fritz St, Lebanon, IL 62254
      View Details
    • $1,850,000
      11,742 SF

      Modern Retail Facility in Lebanon

      Prime retail facility built in 2020 on 1.93 acres.
      651 S Madison St, Lebanon, IL 62254
      View Details
    • $325,000
      0.25 Acres

      High-Traffic Lebanon Commercial Lot

      Prime .25-acre lot, high visibility.
      Union St, Lebanon, IL 62254
      View Details

    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.
    (618) 660-8759 Call to check price and availability
    Request Owner's contact information
    Old Hwy 50 Lebanon, IL 62254
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Old Hwy 50
    Lebanon, IL 62254
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joe Hardin
    Joe Hardin
    Real Estate License ID: 475111184
    (618) 660-8759 (618) 277-4400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!