0 Rte 13 & Division St Carterville, IL 62918
This exceptional 4.71-acre commercial land parcel presents a remarkable investment opportunity in Carterville, Illinois. Located at the highly visible, signalized intersection of Route 13 and Division Street (zip code 62918), this property boasts a prime location with significant traffic flow. The land is zoned B-1, allowing for a wide range of commercial uses. A key advantage is the property's divisibility, with the potential to subdivide into parcels of approximately 1.4 acres each, offering flexibility for various development scenarios. The asking price is $1,689,039, translating to $8 per square foot. This strategically located site benefits from its placement within a Tax Increment Financing (TIF) District and an Enterprise Zone, potentially offering significant economic incentives for development. Furthermore, the B-1 zoning permits gaming and liquor establishments, expanding the possibilities for potential uses. The signalized four-way intersection ensures high visibility and convenient access for customers and employees. This property is ideal for developers seeking a high-impact location with substantial development potential. Don't miss this chance to acquire a premier commercial site in a thriving area.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.