Technical
Financial
Distress signals
Property profile

3 And I-270 Granite City, IL 62040

OFF-MARKET
Land
111 ac lot
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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

Location

3 And I-270 Granite City, IL 62040
Granite City metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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