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    OFF-MARKET
    Land

    0 Hagemann Rd, Lebanon, IL 62254

    31.47 ac lot
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Land
    Lot 31.47 ac (1,370,833 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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