540 Hanover St New Baden, IL 62265
- Commercial real estate
- 0.74 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 540 Hanover St
- Lot size
- 0.74 lot acres
- Property type
- Commercial real estate
- APN
- 10-13.0-207-003
Description
This exceptional 0.74-acre commercial lot presents a unique investment opportunity in the thriving town of New Baden, Illinois. Located at 540 W Hanover St, this property boasts a highly desirable location at the corner of Highway 161 and Weatherholt, offering excellent visibility and accessibility. Its proximity to Interstate 64 (less than half a mile away on the west side of New Baden) ensures convenient access for customers and employees. The lot is zoned for Commercial Business use and includes all necessary utilities, simplifying the development process. The asking price is $115,000, translating to a land value of $3.57 per square foot. The property's APN is 10-13.0-207-003. This strategic location and readily available utilities make this a prime site for a variety of commercial ventures. Don't miss this chance to secure a valuable piece of commercial real estate in a growing community. Act quickly, as opportunities like this are rare.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Baden
- County
- St. Clair
- State
- Illinois
- Longitude
- -89.713676882508
- Latitude
- 38.535528152958
