1091 Green Mount Rd Belleville, IL 62221
This exceptional 4.28-acre commercial development site, located at 1091 North Green Mount Rd in Belleville, Illinois (zip code 62221), presents a unique investment opportunity. The property, identified by APN 08-01.0-200-029, boasts a desirable B-2 zoning designation and is priced at $890,000, or $4.77 per square foot. With an impressive 169 feet of frontage on North Green Mount Rd, which sees an average daily traffic count of 19,000 vehicles, this site offers unparalleled visibility and accessibility. All utilities are conveniently located on-site, simplifying development plans. The strategic location is a key advantage, situated just half a mile from I-64, exit 16, ensuring easy access to major transportation routes. The property's proximity to established businesses like Target and Dierbergs, as well as the new Memorial and St. Elizabeth Hospitals, and its adjacency to the Shiloh Springs Development, further enhances its appeal. The potential for expansion is also noteworthy, with an additional 2.6 acres available for acquisition. This translates to a sale price per acre of $207,944. This prime location and versatile zoning make this an ideal site for a variety of commercial ventures. Don't miss this chance to secure a highly sought-after development opportunity in a thriving area.
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
Physical attributes from public recordsZoning & alternative use
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.