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1511 Johnson Rd Granite City, IL 62040

Commercial real estate Google Maps
5,250 SF 0.39 ac lot
Entity Owned 2-yr Hold ~ Est. High Equity
Estimated value (blended)
$500k
Range $450k – $550k (±10%)
Property ID US28-0706975

Property summary

AI-generated overview

This exceptional 0.29-acre commercial land parcel is ideally situated at the highly visible, lighted intersection of Johnson Road and Nameoki Road in Granite City, Illinois (zip code 62040). The property, identified by APN 22-1-20-08-15-401-005.002, is zoned C-5, allowing for a variety of commercial uses. Its strategic location offers unparalleled exposure, nestled amongst established businesses including McDonald's, Popeye's Fried Chicken, and DQ Chill & Grill, ensuring high traffic volume and excellent visibility. The land boasts convenient cross-parking and access easements behind Popeye's Chicken, enhancing accessibility and functionality. All utilities are readily available. The asking price is $75,000, translating to a land value of $6.62 per square foot. The seller may also consider a land lease option. This presents a remarkable opportunity for investors and businesses seeking a prime location in a thriving retail area. Don't miss this chance to acquire a highly desirable commercial property in a densely populated area with significant foot and vehicle traffic.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 5,250 SF
Lot 0.39 ac (16,988 SF)
APN 22-2-20-08-15-401-027
UPID US28-0706975

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$500k

Owner & transaction history

since 2024
Last sale
$500,000
6 recorded transactions
2025
Price N/A
2024
Price N/A
2024
$500,000
2016
Price N/A
2013
Price N/A
2010
Price N/A

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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More about this property
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