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Property profile & analytics
OFF-MARKET
Land

162 Illinois State Rte Maryville, IL 62062

1.75 ac lot
Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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