Property summary
This exceptional 31.47-acre parcel, located on Hagemann Road in Lebanon, Illinois (zip code 62254), presents a unique investment opportunity. The property is ideally suited for residential subdivision development, boasting an excellent location within the highly sought-after O'Fallon school district. Convenient access to city sewer and water services is readily available, simplifying infrastructure development. Currently zoned A - Agriculture in St. Clair County, this land offers significant potential. Importantly, an adjacent parcel is zoned SR3 - Single Family Residential, suggesting a strong likelihood of zoning approvals for a residential project. The property's strategic location, just 3 miles north of Scott Air Force Base, adds to its appeal, providing proximity to a large and stable population base. The land's size and zoning make it an attractive proposition for developers seeking to capitalize on the growing demand for housing in this area. Detailed site surveys and environmental assessments are recommended for prospective buyers to fully understand the development potential of this significant land holding. This is a rare opportunity to acquire a substantial tract of land with excellent development potential in a desirable location.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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