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4153 Pontoon Rd Granite City, IL 62040-4346

OFF-MARKET Commercial real estate Google Maps
0.41 ac lot
Entity Owned 2-yr Hold Free & Clear
Estimated value (blended)
$60k
Range $54k – $66k (±10%)
Property ID US28-5724607

Property summary

AI-generated overview

This exceptional 0.28-acre commercial lot, located at 4153 E Pontoon Rd in Pontoon Beach, Illinois, presents a remarkable opportunity for investors and developers. Situated in Madison County, with a zip code of 62040, this property boasts a highly desirable B-1 Community Business zoning designation, opening doors to a wide array of commercial ventures. The lot is level and easily accessible, offering significant advantages for construction and development. All utilities are readily available, simplifying the development process and minimizing upfront costs. The property's location experiences a high daily traffic count of 12,200 cars per day, ensuring excellent visibility and potential for high customer traffic. The lot's size, zoning, and location combine to create a compelling investment opportunity in a thriving community. The APN for this property is 17-1-20-02-17-302-022. This is a rare chance to acquire a well-situated commercial lot in a high-traffic area for an asking price of $75,000. Don't miss this chance to secure your piece of Granite City's commercial landscape.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.41 ac (17,860 SF)
APN 17-1-20-02-17-302-022
UPID US28-5724607

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
$70k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$60k

Owner & transaction history

since 2023
Last sale
$43,000
7 recorded transactions
2023
$43,000
2023
$142,500
2020
Price N/A
2016
Price N/A
2015
Price N/A
2007
$52,000
2007
$52,000

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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