0 Hagemann Rd, Lebanon, IL 62254
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.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.