1062 Green Mount Rd Belleville, IL 62221
This exceptional 2.88-acre commercial land parcel, located at 1062 North Green Mount Road in Belleville, Illinois (APN 09-06.0-100-103), presents a prime opportunity for retail development. Zoned Planned Business, this site boasts 188 feet of frontage and is strategically positioned within the newly expanded Dierberg's land acquisition area, benefiting from high traffic volume (18,300 ADT). Its proximity to established retailers like Target and the Shiloh Retail District ensures strong visibility and customer draw. A Phase 1 environmental report is readily available for review. The property's convenient location offers easy access to major transportation arteries, including Interstate 64 (Exit 16, less than one mile away), and is minutes from Memorial and St. Elizabeth's Hospitals. The asking price is $1,100,000, translating to $381,944 per acre. This represents a compelling investment opportunity in a thriving retail corridor. The minimum divisible acreage is 2.88 acres.
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
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.