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0 State Route 111 Rd, Wood River, IL, 62095

0beds
0baths
--sqft
$600,000
--price/sqft
$4,673/moest. monthly cost
$186,920/yrincome needed

About This Home

Excellent investment property located near the major highways and in close proximity to St. Louis. This beautiful 47 acres has rolling terrain and a small pond/lake that could be improved to be a major water feature on the property. The property is currently zoned B-3 Commercial. B-3 would allow for a fantastic event center, restaurants, taverns, healthcare facilities, meeting facilities, schools/churches and more. Buyer to verify location of Utilities. Acreage is estimated and will be based on survey of the property prior to closing.

Getting Around

12
WalkingCar-Dependent
0
TransitVery Limited Transit
5
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Year built: 1900

Type & Style

  • Home type: SingleFamily
  • Property subType: Farm

Property

Lot

  • Lot size: 47.04 Acres

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Tornado
Cold Wave
Earthquake
Hail
Inland Flooding
Lightning
Winter Weather

FEMA Declared Disasters Across Illinois Counties

Flood

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,033$36,396
Home Insurance *$615$7,380
Property Taxes $895$10,740
Electricity $130$1,569
Total$4,673$56,076
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$160,217/yr
40% on housing$140,190/yr
45% on housing$124,613/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: -0.4%
-0.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 62095$72
Madison County$154

vs Homes Sold Last Month

Median $/sqft

ZIP 62095$116
Madison County$119

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

No price history available

For Sale by Agent

AgentRick Lauschke
BrokerageColdwell Banker Brown Realtors

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