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    OFF-MARKET
    Land

    3 And I-270, Granite City, IL 62040

    111 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 111-acre property, located at the northwest quadrant of I-270 and Route 3 in Granite City, Illinois (zip code 62040), presents a unique investment opportunity. Zoned for agricultural use, this expansive land boasts convenient access to major transportation arteries. The asking price is $445,000, translating to $4,009 per acre. On-site electricity is available. The property features two small, shallow ponds, though they may dry up during periods of low rainfall. Its location offers potential for a homesite, making it suitable for various recreational and potentially commercial uses. The property's APN is 18-1-14-29-00-000-003. This Madison County land offers significant potential for development or continued use as recreational land. Serious inquiries only.

    Property profile
    Verified
    Property type Land
    Lot 111 ac (4,835,160 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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