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    OFF-MARKET
    Land

    0 Illinois St, Belleville, IL 62220

    3.5 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 3.5-acre commercial development site presents a unique investment opportunity in Belleville, Illinois. Strategically located at the signalized intersection of South Illinois Street and Westhaven School Road, this level lot boasts 710 feet of frontage and enjoys high visibility due to its prominent corner location. The property is zoned A-1 Single Family Residence District, offering flexibility for various development projects. All utilities are readily available, simplifying the development process. The site benefits from a high average daily traffic count of 10,300 vehicles, ensuring significant exposure for any future development. Furthermore, its location within the Lower Richland Creek Tax Increment Financing (TIF) district may offer potential economic incentives. This property is conveniently situated just one mile from Illinois Route 15, providing easy access to major transportation arteries. The site is also suitable for subdivision, presenting an opportunity to create multiple parcels. The land value is $5.25 per square foot. The APN is 08-34.0-302-026. This prime location and versatile zoning make this a compelling opportunity for developers seeking a high-impact project in a thriving area. Don't miss this chance to acquire a significant piece of Belleville real estate.

    Property profile
    Verified
    Property type Land
    Lot 3.5 ac (152,460 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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