464 Pontoon Rd, Granite City, IL 62040
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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Property description
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