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    OFF-MARKET
    Commercial real estate

    2933 Warren Ave, Granite City, IL 62040

    Property ID
    US28-1633363
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    UPID US28-1633363
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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