6537-6541 Il Rte Maryville, IL 62062
This exceptional 2.85-acre commercial development site in Maryville, Illinois, presents a prime opportunity for investors and developers. Located at 6537-6541 IL Route 162, this property boasts 220 feet of frontage on IL Route 162, offering significant visibility and accessibility. The site benefits from its strategic location near the intersection of IL Route 162 and IL Route 159, experiencing a combined average daily traffic count of 27,000 vehicles. Further enhancing its appeal, this property is situated within a Tax Increment Financing (TIF) district, potentially offering attractive financial incentives. The site is zoned B-1, allowing for a variety of commercial uses. The land is divided into two parcels: one 2.28-acre parcel priced at $500,000 ($5.03/sq ft) and a 0.57-acre parcel priced at $175,000 ($7.07/sq ft). The property's proximity to a newly developed Circle K further underscores its desirability and potential for strong returns. This is an exceptional opportunity to acquire a high-visibility commercial development site in a thriving location. The property's location, zoning, and traffic counts make it ideal for a wide range of commercial ventures. The Assessor's Parcel Number (APN) is 13-2-21-02-01-102-023. The zip code is 62062.
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
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.