0 Perrin Rd Lebanon, IL 62258
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.
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.