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