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2202 N Bluff Rd 12.51 Acres of Commercial Land Offered at $5,498,376 CAD in Glen Carbon, IL 62034
Investment Highlights
- Residual income immediately with two billboard leases and 19 storage unitsuntil that time when the area potentially gets STARS BONDS recognition!
Executive Summary
Property Facts
1 Lot Available
Lot
| Price | $5,498,376 CAD | Lot Size | 12.51 AC |
| Price Per AC | $439,518.46 CAD |
| Price | $5,498,376 CAD |
| Price Per AC | $439,518.46 CAD |
| Lot Size | 12.51 AC |
Bluff property with over 1,000 feet of level highway frontage on State highway 157 and additional frontage on the north at State highway 162. Unlimited potential for development! The Village of Glen Carbon has received state approval of STAR BONDS!
Description
Perfectly located at the intersection of Highways 162 & 157 & 1 mile south of I-270. Currently under major highway construction improvements! The B-4 Commercial Zoning affords many possibilities. There are currently 19 storage units and 2 billboards for leasing income immediately until that time when a major development could be established. The current application for STAR BOND Legislation (Ilinois SB 1911) if chosen at the Southwest corner of I-270 South to State highway 162 & bordering State Highway 157 on the east side would make this location one of the most sought after properties available for development opportunities of incredible potential! The existing 3 story farmhouse and all outbuilding are being sold (AS IS)
Property Taxes
| Parcel Number | 13-1-21-04-00-000-024 | Improvements Assessment | $42,968 CAD |
| Land Assessment | $76,392 CAD | Total Assessment | $119,360 CAD |
Property Taxes
Presented by
2202 N Bluff Rd
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