3 And I-270, Granite City, IL 62040
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.
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
Similar Nearby for Lease
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.