Technical
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Property profile

162 Illinois State Rte Maryville, IL 62062

OFF-MARKET
Land
1.75 ac lot
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Property summary

AI-generated overview

This exceptional 1.75-acre commercial land parcel is strategically located on Illinois State Route 162 in Maryville, Illinois, 62062 (APN: 13-1-21-02-03-301-010.001). Boasting a prime location just one block west of Illinois Route 159, this property offers unparalleled visibility and accessibility. Situated within a Tax Increment Financing (TIF) district, this site presents a compelling investment opportunity. An adjoining 2.24-acre lot is also available for purchase, providing potential for expansion or development synergy. The area features a mix of retail and office spaces, further enhancing its commercial viability. This location is highly convenient, less than half a mile from Anderson Hospital and Interstate access, ensuring easy access for employees and customers. All essential utilities are readily available, including city water and sewer services, along with Ameren Illinois for gas and electricity. The property is zoned B-1, allowing for a variety of commercial uses. The asking price is $349,000, representing a price per acre of $199,428. This is a rare opportunity to acquire a well-positioned commercial land parcel in a thriving area.

Property profile

Verified
Property type Land
Lot 1.75 ac (76,230 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

162 Illinois State Rte Maryville, IL 62062
Maryville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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