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    156 Frank Scott Pkwy Swansea, IL 62226

    • Commercial real estate
    • 2.82 lot acres
    For Sale
    View listing
    $600,000
    Value Estimation
    Location Intelligence
    Property ID
    US28-0783859
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 156 Frank Scott Pkwy

    Lot size
    2.82 lot acres
    Property type
    Commercial real estate
    APN
    08-03.0-100-023

    Description

    This exceptional 2.82-acre commercial development site is ideally situated in Swansea, Illinois, at 156 Frank Scott Parkway East. Boasting 170 feet of frontage on Frank Scott Parkway East, this corner lot benefits from a high average daily traffic count of 17,400 vehicles. Its strategic location is just one block east of the intersection of Frank Scott Parkway and Illinois Route 159, ensuring excellent visibility and accessibility. The property is zoned HB (Highway Business), offering a wide range of development possibilities. All utilities are conveniently located on-site, simplifying the development process. The asking price is $600,000, translating to approximately $212,766 per acre. The property's APN is 08-03.0-100-023. This prime location presents a rare opportunity for investors and developers seeking a high-traffic, readily-accessible site in a thriving area. The potential for additional acreage is also available, providing flexibility for larger-scale projects. This is a truly exceptional opportunity to acquire a highly desirable commercial property in a strategic location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Swansea
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.979729
    Latitude
    38.5700829

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    Swansea, IL 62226
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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