Old Hwy 50 Lebanon, IL 62254
- Land
- 34.53 lot acres
Current Use by Public Records
- Land
Property Details for 0 Old Hwy 50
- Lot size
- 34.53 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 34.53-acre commercial development site presents a unique investment opportunity in Lebanon, Illinois. Strategically located near the intersection of Highway 50 and Route 4, this property offers unparalleled access to major transportation arteries. Minutes away from Interstate 64, St. Louis Midamerica Airport, and Scott Air Force Base, this location boasts exceptional connectivity. Currently zoned for agricultural use, the land is situated within a Tax Increment Financing (TIF) district and is designated for commercial development in the city's long-term plan. The property's versatility allows for potential subdivision, catering to a range of development projects. With a price of $29,500 per acre, this expansive parcel represents a compelling opportunity for significant return on investment. The parcel's APN is 05-30.0-101-009. This prime location, coupled with its future commercial zoning and proximity to key infrastructure, makes this a highly desirable property for discerning investors and developers seeking a strategic foothold in a rapidly growing area. The address is Old U.S. Hwy 50, Lebanon, IL 62254.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lebanon
- County
- St. Clair
- State
- Illinois
- Longitude
- -89.7553
- Latitude
- 38.6039
