6405 Godfrey Rd, Godfrey, IL 62035
For Sale
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This exceptional 4.87-acre commercial lot, located at 6405 Godfrey Road in Godfrey, Illinois (zip code 62035), presents a unique investment opportunity. Currently zoned for commercial use (pending final approval from Godfrey Building & Zoning), this property offers a multitude of development possibilities. The land is wooded and boasts convenient access to Interstate 255, benefiting from an average daily traffic count of approximately 15,000 vehicles. Situated in Madison County, this parcel is serviced by municipal water and public sewer, ensuring essential utilities are readily available. The asking price is $350,000, with an annual tax assessment of $2,374. The proximity to a Walmart development further enhances the property's desirability and potential for significant return on investment. This is a blank canvas for a variety of commercial ventures, taking advantage of the high traffic volume and strategic location. The absence of existing structures allows for complete design flexibility, catering to a wide range of commercial needs. Don't miss this chance to acquire a substantial commercial lot in a rapidly developing area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.