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    Property profile & analytics

    3 And I-270 Granite City, IL 62040

    • Land
    • 111.00 lot acres
    For Sale
    View listing
    $445,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 3 And I-270

    Lot size
    111.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Granite City
    County
    Madison
    State
    Illinois
    Longitude
    -90.1234
    Latitude
    38.768

    Comparable in this City

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      Land • 1.05 Acres
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    Similar Nearby for Sale

    • $445,000
      111.00 Acres

      Prime Granite City Land - 111 Acres

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      3 And I-270, Granite City, IL 62040
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    • $225,000
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    Similar Nearby for Lease

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      Granite City Commercial Land Opportunity

      Prime 1.05-acre retail lot, build-to-suit available.
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      41,250 SF

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      Commercial Land Near Walmart Supercenter

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      Granite City Land for Sublease

      Commercial land available for sublease with active rail spurs.
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      Commercial Land Near Walmart Supercenter

      Outparcel opportunities available for ground lease, sale, or build-to-suit.
      1332 Schaeffer Rd, Granite City, IL 62040
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    3 And I-270
    Granite City, IL 62040
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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