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    FOR SALE
    Distribution centers

    6405 Godfrey Rd, Godfrey, IL 62035

    4.87 ac lot
    Property ID
    US28-0671431
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Distribution centers
    Lot 4.87 ac (212,137 SF)
    UPID US28-0671431
    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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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