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Property profile & analytics
OFF-MARKET
Land

0 Perrin Rd Lebanon, IL 62258

37.2 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 37.2 ac (1,620,432 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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