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    OFF-MARKET
    Land

    I-64 And Il-157, Mulberry Grove, IL 62232

    0.69 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial land offering presents a unique investment opportunity in Caseyville, Illinois. Located in the highly visible northwest quadrant of the I-64 and IL-157 interchange (Exit 9), this property boasts 12.76 acres of B-2 zoned land, subdivided into eleven lots ranging from 0.69 to 2.18 acres. A significant 8.53-acre contiguous parcel (Lots 9-15) is also available. The site benefits from exceptional visibility due to its direct proximity to the I-64 exit ramp, experiencing a high average daily traffic count of 94,700 vehicles. This prime location is ideal for a variety of commercial uses, including restaurants, hotels, retail establishments, office spaces, and entertainment venues. The property's strategic position is further enhanced by its proximity to established businesses such as Huck's Convenience Mart, First Western Inn, McDonald's, Hardee's, Cracker Barrel, Quality Inn, Dairy Queen, Taco Bell, and Motel 6. Land prices range from $7.75 to $11.75 per square foot. The property's APN is 02-13.0-415-001/002/003/004/005

    Property profile
    Verified
    Property type Land
    Lot 0.69 ac (30,056 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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