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    OFF-MARKET
    Land

    0 Il Rte 15 & Lakewood Pl, East St. Louis, IL 62207

    0.93 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 0.93-acre commercial land parcel is strategically located at the signalized intersection of IL Route 15 and Lakewood Place in East St. Louis, Illinois (zip code 62207). The property boasts a prominent location with high visibility and accessibility, benefiting from a daily average traffic count of 30,700 vehicles. Currently leased to DDI Media for billboard advertising, this C-3 zoned lot presents a compelling investment opportunity. The asking price is $79,000, translating to a land value of $1.95 per square foot. The property's APN is 0 2-3 3 . 0-4 0 1 -0 1 0. Its proximity to IL Route 15 and Interstate 255 ensures excellent connectivity and exposure to a large potential customer base. This makes it suitable for a variety of commercial uses, subject to local zoning regulations. The property's location in St. Clair County offers access to a robust infrastructure and a growing market. Serious inquiries are encouraged to explore the development potential of this valuable asset.

    Property profile
    Verified
    Property type Land
    Lot 0.93 ac (40,511 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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    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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