0 Cor Of I-64 / Rt. 4 / Perrin Rd Mascoutah, IL 62258
This exceptional 37.2-acre commercial development site presents a unique investment opportunity in Mascoutah, Illinois. Strategically located at the northeast corner of I-64 and Route 4/Perrin Road, this property boasts unparalleled visibility and accessibility. Zoned GC-General Commercial, it's ready for immediate development. All utilities are on-site, simplifying the construction process and minimizing upfront costs. The property is situated within a newly established Tax Increment Financing (TIF) district, offering potential tax advantages for developers. Comprehensive due diligence has already been completed, including surveys, topography studies, and Phase I environmental assessments. This significantly reduces the time and expense typically associated with site preparation. The seller is willing to consider dividing the property to accommodate various development needs. With its prime location, desirable zoning, and completed preliminary work, this site is ideal for a wide range of commercial ventures. The land value is $1.85 per square foot. The APN is 10-06.0-400-022. This is a rare opportunity to acquire a fully prepared commercial site in a high-growth area. Don't miss out on this exceptional investment prospect.
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.