Property profile

I-64 And Il-157 Mulberry Grove, IL 62262

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional commercial land opportunity presents 11 lots ranging from 0.69 to 2.18 acres, totaling 12.76 acres. Eight and a half contiguous acres (lots 9-15) are also available. Strategically located at the northwest quadrant of the I-64 and IL-157 interchange in Caseyville, Illinois (zip code 62262), this property boasts unparalleled visibility due to its direct proximity to the I-64 exit ramp (Exit 9). The high traffic count of 94,700 average daily traffic on I-64 ensures maximum exposure for any business. The B-2 zoning allows for a variety of uses, making it ideal for restaurants, hotels, retail establishments, office spaces, and entertainment venues. The site currently features a Huck's Convenience Mart and First Western Inn, and is surrounded by numerous national brands including McDonald's, Hardee's, Cracker Barrel, Quality Inn, Dairy Queen, Taco Bell, and Motel 6, creating a thriving commercial environment. The property's APN is 02-13.0-415-001/002/003/004/005

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

I-64 And Il-157 Mulberry Grove, IL 62262
Mulberry Grove metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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