5305-5315 Illinois St Fairview Heights, IL 62208
This exceptional 2.18-acre commercial development opportunity is located in Fairview Heights, Illinois, at 5305-5315 N. Illinois (IL-159), boasting 382 feet of frontage south of St. Clair Square. The property, identified by APN 03-33.0-210-020;021;024;03-33.0-212-028, is zoned B3, offering significant flexibility for a variety of commercial uses. The site currently features three small structures that can be readily vacated, allowing for immediate redevelopment. This prime location benefits from exceptional visibility and accessibility, situated along a high-traffic corridor with an average daily traffic count of 25,600 vehicles on Route 159. The asking price has been significantly reduced to $400,000, presenting a compelling investment opportunity for developers seeking a strategic location in a thriving market. The property's size and zoning make it ideal for a wide range of commercial projects, capitalizing on the high traffic volume and proximity to St. Clair Square. This is a rare chance to acquire a substantial commercial parcel in a desirable location at a reduced price. Don't miss this opportunity to secure a prime piece of Fairview Heights real estate.
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
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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.