2933 Warren Ave, Granite City, IL 62040
Exceptional opportunity to acquire a residential lot spanning 5,000 square feet in Granite City, Illinois. Located at 2933 Warren Ave, this property includes a 462 square foot, one-bedroom house built in 1945. The property is being sold AS-IS, reflecting a significant discount from market value. The current owner has never occupied the premises, and it is currently vacant. This presents a unique chance for investors or those seeking a fixer-upper project in a residential zone. The property's size and location offer considerable potential. While the house requires renovation, the substantial lot size provides ample space for expansion or redevelopment. This is a truly discounted offering, ideal for those seeking a value-driven investment in a convenient Granite City location. The sale is final, and the property is sold in its current condition. All interested parties are encouraged to conduct their own due diligence before submitting an offer. The property is zoned for residential use, ensuring flexibility for future development plans. This is a rare opportunity to acquire a property at a significantly reduced price. Act quickly, as this deal won't last.
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
Similar Nearby for Lease
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.