Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    917 Plum St Cahokia Heights, IL 62206

    • Land
    • 3,474,345 SF
    • 79.76 lot acres
    For Sale
    View listing
    $12,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 917 Plum St

    Lot size
    79.76 lot acres
    Property size
    3,474,345 SF
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 79.76-acre industrial land parcel in Cahokia Heights, Illinois, presents a unique redevelopment opportunity. Located at 917 Plum St, 62206, this property boasts a prime location near multi-modal transportation Route 3 and Mississippi River transload facilities, offering unparalleled access to key logistical networks. The land is zoned for industrial use and includes existing structures, adding to its potential. These structures include an 1870s restored farmhouse, an 1800s smokehouse, a 3,600 square foot curved roof barn with a repair lift and shop, and a machine shed, all situated on four acres. The remaining 75.76 acres are currently used for revenue-generating crop production. The property's extensive size, strategic location, and existing buildings provide a solid foundation for a variety of industrial development projects. All utilities are available on-site. The asking price is $12,000 per acre, totaling $12,000,000 for the entire property. The property's APN numbers are: 06-04.0-400-017,013,019,018; 06-03.0-300-006,007,003,004,005; 06-03.0-308-001; 06-09.0-200-009; 06-03.0-111-002; 06-03.0-112-003; 06-03.0-125-024; 06-03.0-417-003. This is a Class B property currently vacant. The total square footage is 3,474,345. This is a redevelopment investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cahokia Heights
    County
    St. Clair
    State
    Illinois
    Longitude
    -90.1993
    Latitude
    38.5623

    Comparable in this City

    • Value Estimation by Request
      12.65 Acres

      1635-1643 Sauget Business Blvd

      Land • 12.65 Acres
      1635-1643 Sauget Business Blvd, Sauget, IL 62206
      View Details
    • Value Estimation by Request
      1.22 Acres

      Industrial Dr

      Land • 1.22 Acres
      0 Industrial Dr, Cahokia Heights, IL 62206
      View Details
    • Value Estimation by Request
      6.00 Acres

      Mississippi Ave

      Land • 6.00 Acres
      0 Mississippi Ave, Cahokia, IL 62206
      View Details
    • Value Estimation by Request
      14.10 Acres

      Mousette Ln

      INDUSTRIAL (GENERAL) • 14.10 Acres
      Mousette Ln, Cahokia, IL 62206
      View Details
    • Value Estimation by Request
      28.08 Acres

      1659 Sauget Business Blvd

      INDUSTRIAL (GENERAL) • 28.08 Acres
      1659 Sauget Business Blvd, Sauget, IL 62206-1455
      View Details
    • Value Estimation by Request
      24.78 Acres

      2320 Sauget Industrial Pkwy

      INDUSTRIAL (GENERAL) • 24.78 Acres
      2320 Sauget Industrial Pkwy, Sauget, IL 62206-2937
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      79.76 Acres

      Industrial Land Redevelopment Opportunity

      79 Acres, Cahokia Heights, IL
      917 Plum St, Cahokia Heights, IL 62206
      View Details
    • $826,551
      12.65 Acres

      Sauget Industrial Land Development

      12.65 Acres, Prime Location, Incentives
      1635-1643 Sauget Business Blvd, Sauget, IL 62206
      View Details
    • $167,130
      6.00 Acres

      Cahokia Commercial Land Development

      6-Acre Site, B-2 Zoning, Prime Location
      0 Mississippi Ave, Cahokia, IL 62206
      View Details
    • $65,000
      0.52 Acres

      Cahokia Commercial Land - $65K

      0.52-acre lot, B-2 zoning, high traffic.
      3321 Mississippi Ave, Cahokia, IL 62206
      View Details
    • $225,000
      4,704 SF

      Office/Warehouse with Rocked Yard

      4,704 SF office/warehouse with convenient highway access.
      3942 Mississippi Ave, East Saint Louis, IL 62206
      View Details
    • Contact for pricing

      Development Ready Industrial Sites

      Industrial sites suitable for warehouse, distribution, and light manufacturing.
      Sauget Business Blvd, Sauget, IL 62206
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      99,616 SF

      Camp Jackson Road Industrial Space

      99,616 SF Warehouse, Flexible Space Available
      1002 Cp Jackson Rd, Cahokia Heights, IL 62206
      View Details
    • Contact for pricing

      Industrial Sites for Lease

      Industrial land suitable for warehouse, distribution, and light manufacturing.
      1667 Sauget Business Blvd, Sauget, IL 62206
      View Details
    • $10 SF/Yr
      108,979 SF

      Camp Jackson Retail Center

      High-traffic shopping center, space available
      1615 Camp Jackson Rd, Cahokia, IL 62206
      View Details
    • $11 SF/Yr
      2,850 SF

      Renovated Retail Center on Highway

      Remodeled retail center with high visibility and traffic location.
      3315-3323 Mississippi Ave, Cahokia, IL 62206
      View Details
    • $11 SF/Yr
      15,225 SF

      Mississippi Ave Executive Office Space

      Cahokia Heights Office Suites - High Traffic Area
      3315 Mississippi Ave, Cahokia Heights, IL 62206
      View Details
    • Contact for pricing
      6,880 SF

      Camp Jackson Retail Space Available

      Regional shopping center with national tenants, part of St. Louis market.
      1643-1695 Camp Jackson Rd, Cahokia, IL 62206
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    917 Plum St
    Cahokia Heights, IL 62206
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.