7308 Godfrey Rd Godfrey, IL 62035
- Commercial real estate
- 50.08 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 7308 Godfrey Rd
- Lot size
- 50.08 lot acres
- Property type
- Commercial real estate
- APN
- 24-1-01-15-02-201-003, 004, 006, 007
Description
This exceptional 50.08-acre commercial and residential development opportunity in Godfrey, Illinois, presents unparalleled potential. Strategically located adjacent to Interstate 255, this property boasts high visibility and convenient access to major transportation routes, including Route 111 and Highway 67, less than a mile away. The site comprises four parcels, ranging from 3.66 acres to 26.56 acres, offering flexibility for various development scenarios. The property is zoned B-5, allowing for a wide range of commercial and residential uses. Utilities are readily available, with American Water, Ameren Electric, and Ameren Gas services accessible to the site. The property benefits from a high daily traffic count of 7,362 vehicles on I-255, ensuring significant exposure for any development. The seller is open to subdividing the land, with pricing to be negotiated based on the desired acreage and location within the property. This is a unique chance to acquire a substantial tract of land in a prime location, ideal for a variety of commercial and residential projects. The total asking price for the entire 50.08-acre property is $1,400,000, representing a price per acre of $27,955. The property's location within an Enterprise Zone may offer additional economic incentives. Parcel-specific details include: Parcel 24-1-01-015-02-201-003 (11.86 acres), Parcel 24-1-01-015-02-201-004 (3.66 acres), Parcel 24-1-01-015-02-201-006 (8 acres), and Parcel 24-1-01-015-02-201-007 (26.56 acres).
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
- Godfrey
- County
- Madison
- State
- Illinois
- Longitude
- -90.1998424
- Latitude
- 38.9779369
