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    OFF-MARKET
    Commercial real estate

    464 Pontoon Rd, Granite City, IL 62040

    19.97 ac lot
    Entity Owned 5-yr Hold
    Property ID
    US28-3401327
    Property summary
    AI-generated overview

    Exceptional opportunity to acquire a ±19.97-acre commercial and industrial land parcel in Granite City, Illinois. This strategically located property, identified by APN 22-1-20-06-00-000-005.006/21-19-01-00-000-017, is priced at $1,500,000, or $75,113 per acre. The site boasts a prime location just 2.5 miles south of I-270, Exit 3, offering convenient access to major transportation routes. Benefit from its adjacency to established businesses including a Walmart Supercenter, Chevrolet Dealership, and Koetting Ford. The property is zoned M-1 and features existing improvements, including a roadway, a 5-acre rocked staging area, retention, and fencing. Additional structures on the site include a 4,000 square foot warehouse and a 20' x 200' wood-frame storage shed (non-insulated, non-heated, 16' clear span). All utilities are available. This property is situated within a Tax Increment Financing (TIF) district and Enterprise Zone, presenting significant development potential. The sale price per square foot is $1.14. This is an ideal site for industrial development or expansion.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 19.97 ac (869,893 SF)
    APN 22-1-20-06-00-000-005.006/21-19-01-00-000-017
    UPID US28-3401327
    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
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    Blend (final) Blend
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    Owner & transaction history
    Sehic Trucking LLC · 5 yrs held
    Sehic Trucking LLC
    since 2021
    1 recorded transaction
    2021
    $350,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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