Property profile

0 State St East Carondelet, IL 62240

OFF-MARKET
Land
86.69 ac lot
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Property summary

AI-generated overview

This exceptional 86.69-acre farm presents a unique investment opportunity in St. Clair County, Illinois. Located in East Carondelet, the property boasts an impressive 2,499 feet of frontage along the Mississippi River, offering stunning views and potential for various uses. The land is zoned for agricultural purposes, providing flexibility for farming operations or future development within the permitted zoning guidelines. The parcel includes 26.63 acres that are non-tillable, adding to the overall acreage and potential uses. Access to the property is convenient, with access points via State Street and Levee Road in East Carondelet. The asking price is $849,562, translating to a price per acre of $9,800. The property's APN is 06-08.0300-007. This expansive tract of land offers significant potential for agricultural endeavors, and its prime riverfront location presents additional opportunities for development, subject to local zoning regulations. Detailed surveys and soil reports are available upon request. Don't miss this chance to acquire a substantial piece of Illinois farmland with exceptional river access. The zip code is 62240.

Property profile

Verified
Property type Land
Lot 86.69 ac (3,776,216 SF)

Cap rate & NOI

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

Location

State St East Carondelet, IL 62240
East Carondelet 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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