0 Hwy 162 / Edwardsville Rd, Troy, IL 62294
This exceptional 1.3-acre commercial lot is strategically located at the signalized intersection of Highway 162 (Edwardsville Road) and Troy Boulevard in Troy, Illinois, zip code 62294. Zoned C-2 General Commercial, this property presents a remarkable opportunity for a variety of businesses, including grocery stores, restaurants, office spaces, and retail establishments. The land is priced at $733,332, translating to $13.02 per square foot. Utilities including sewer, water, electricity, and gas are readily available along Highway 162. This parcel benefits from its high visibility and accessibility, situated just half a mile from the intersection of Interstates 55 and 70, a major thoroughfare boasting 14,600 vehicles daily. The property's location within Madison County, Illinois, offers excellent access to a substantial consumer base. While this is a single 1.3-acre parcel, it's important to note that this is part of a larger development with approximately 21.65 acres total, offering potential for expansion or synergy with neighboring businesses. This prime location and versatile zoning make this an exceptional investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.