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    OFF-MARKET
    Land

    0 Hwy 162 / Edwardsville Rd, Troy, IL 62294

    1.3 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 1.3 ac (56,628 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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