0 State Route 4, Mascoutah, IL 62258
This exceptional 2.91-acre commercial land parcel presents a remarkable opportunity for development in Mascoutah, Illinois. Zoned for commercial use, this property boasts 510 feet of frontage on State Route 4, ensuring high visibility and accessibility. The asking price is $316,900, translating to $108,900 per acre. The property's APN is 10-29.0-312-039. Its strategic location offers significant advantages, situated near established businesses such as Dollar General, Farmers & Merchants Bank, O'Reilly Auto Parts, and Brightly Senior Living. This prime location also benefits from its proximity to key transportation arteries, including Mid-America Airport, Scott Air Force Base, and Interstate 64, all within five miles. The seller is willing to divide the parcel, providing flexibility for various development scenarios. This makes it ideal for a range of commercial ventures, from office spaces to retail establishments. The property's high traffic count and established commercial surroundings make it an attractive investment with strong potential for return. This is a rare opportunity to acquire a well-positioned commercial land parcel in a thriving area. Don't miss out on this chance to build your business in a prime 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.