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    Perrin Rd Lebanon, IL 62258

    • Land
    • 37.20 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Perrin Rd

    Lot size
    37.20 lot acres
    Property type
    Land

    Description

    This exceptional 37.2-acre commercial development site presents a rare opportunity for investors and developers. Strategically located in Mascoutah, Illinois, with a highly desirable address on Perrin Road, this property boasts 530 feet of frontage along Interstate 64, ensuring unparalleled visibility and accessibility. The property is zoned GC-General Commercial, allowing for a wide range of development possibilities. The lot size offers ample space for large-scale projects, while its location within a Tax Increment Financing (TIF) district, established in 2017, provides significant financial incentives. All essential utilities are conveniently located nearby, simplifying the development process and minimizing infrastructure costs. The property's location in St. Clair County, Illinois, and its proximity to Interstate 64, make it an ideal location for businesses seeking high visibility and easy access to major transportation routes. The assessed parcel number (APN) is 10-07.0-200-009. The land is priced at $80,645 per acre, representing a compelling investment opportunity given its size, location, and zoning. This property is ready for immediate development and offers substantial potential for significant return on investment. The zip code is 62258.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lebanon
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.7822
    Latitude
    38.5545

    Comparable in this City

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      Cor Of I-64 / Rt. 4 / Perrin Rd

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      19.00 Acres

      9920 Perrin Rd

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    • Value Estimation by Request
      14.33 Acres

      Perrin Rd

      Land • 14.33 Acres
      0 Perrin Rd, Lebanon, IL 62258
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    • Value Estimation by Request
      19.00 Acres

      IL-4 And I-64

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      2.91 Acres

      State Route 4

      Land • 2.91 Acres
      0 State Route 4, Mascoutah, IL 62258
      View Details

    Similar Nearby for Sale

    • $1,118,000
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      I-64 Commercial Land Development

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      16.85 Acres

      Prime Mascoutah Commercial Land

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      37.20 Acres

      I-64 Frontage Commercial Land

      Prime 37.2-acre development site in Mascoutah, IL.
      0 Perrin Rd, Lebanon, IL 62258
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    • $3,000,000
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      Prime Mascoutah Commercial Land

      37-acre development site, I-64 access, utilities available.
      0 Cor Of I-64 / Rt. 4 / Perrin Rd, Mascoutah, IL 62258
      View Details
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    Perrin Rd
    Lebanon, IL 62258
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    Realmo Value Estimation

    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.

    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.

    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
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