Property profile

0 State Route 4 Mascoutah, IL 62258

OFF-MARKET
Land
2.91 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 2.91 ac (126,760 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

State Route 4 Mascoutah, IL 62258
Mascoutah 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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