50 Old HwyLebanon, IL 62254

For Sale
Call for price

34+ Acres, Hwy 50 & Rte 4, Development Ready

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 34.53-acre commercial development site presents a unique investment opportunity in Lebanon, Illinois. Strategically located near the intersection of Highway 50 and Route 4, this property offers unparalleled access to major transportation arteries. Minutes away from Interstate 64, St. Louis Midamerica Airport, and Scott Air Force Base, this location boasts exceptional connectivity. Currently zoned for agricultural use, the land is situated within a Tax Increment Financing (TIF) district and is designated for commercial development in the city's long-term plan. The property's versatility allows for potential subdivision, catering to a range of development projects. With a price of $29,500 per acre, this expansive parcel represents a compelling opportunity for significant return on investment. The parcel's APN is 05-30.0-101-009. This prime location, coupled with its future commercial zoning and proximity to key infrastructure, makes this a highly desirable property for discerning investors and developers seeking a strategic foothold in a rapidly growing area. The address is Old U.S. Hwy 50, Lebanon, IL 62254.

Highlights

  • 34.53-acre commercial development site in Lebanon, IL.
  • Prime location near Highways 50 & 4, minutes from I-64, St. Louis Midamerica Airport, and Scott Air Force Base.
  • Located in a Tax Increment Financing (TIF) district, designated for commercial development.
  • $29,500 per acre.

Property Details for 50 Old Hwy

Property type
Other land, Other farms
Lot Size (sq. ft)
1,504,127 SF

Location Insight

City
Lebanon
County
St. Clair
State
Illinois
Latitude
38.6038766
Longitude
-89.7553089
50 Old Hwy, Lebanon, Illinois

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50 Old Hwy
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