I-270 Rte, Granite City, IL 62040
This exceptional 3.38-acre commercial land parcel presents a remarkable investment opportunity in Granite City, Illinois. Strategically located at the southeast quadrant of I-270 and IL Route 203, this property boasts unparalleled visibility and accessibility. The B-2 zoning permits a wide range of commercial uses, making it ideal for businesses seeking high traffic exposure. With I-270 bordering the property to the north, this site benefits from exceptional interstate visibility and convenient access. High daily traffic counts are a significant advantage: I-270 sees 56,900 vehicles per day, while Route 203 registers 13,200. The asking price is $225,000, translating to $66,568 per acre. All utilities are readily available at or near the property, simplifying development and reducing infrastructure costs. This location is particularly well-suited for businesses such as fast food restaurants, gas stations, or other enterprises that thrive on high visibility and convenient access from major roadways. The property's APN is 18-1-14-33-02-203-001. Don't miss this chance to acquire a highly desirable commercial site in a thriving 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
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Property description
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No recorded transactions found for this property.
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Risks
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