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    2308 Old Collinsville Rd Belleville, IL 62221

    For Sale
    $1,500,000

    6.5 Acres, Prime Location, $1.5M

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 6.5-acre commercial land parcel presents a remarkable investment opportunity in Belleville, Illinois. Located at 2308 Old Collinsville Road, this expansive property boasts significant frontage on both Old Collinsville Road and Central Plaza Drive, offering unparalleled visibility and accessibility. County records indicate a total of approximately 283,139 square feet across seven parcels, providing ample space for a diverse range of commercial developments. The property's versatile zoning allows for a multitude of uses, making it ideal for ambitious entrepreneurs and investors seeking to establish a significant presence in the Belleville market. Imagine the possibilities: a modern office complex, a vibrant retail center, or a dynamic mixed-use development. This prime location offers easy access to major transportation routes and a thriving local community, ensuring strong potential for return on investment. The asking price is $1,500,000. This is a rare chance to acquire a substantial land holding in a desirable area, poised for significant growth and development. Don't miss this opportunity to shape the future of Belleville's commercial landscape. The addresses included in this property are 2308, 2314, 2320, and 2330 Old Collinsville Road, as well as 1810, 1818, and 1832 Central Plaza Drive, Belleville, IL 62221.

    Property Features for 2308 Old Collinsville Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    283,140 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Belleville
    County
    St Clair-IL
    State
    Illinois
    Longitude
    -89.95885
    Latitude
    38.53452

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    FAQs

    What type of property is this?
    Commercial real estate - 6.5 Acres, Prime Location, $1.5M
    Where is this commercial real estate located?
    The property is located at 2308 Old Collinsville Rd Belleville, IL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    235-7992
    Request Owner's contact information
    2308 Old Collinsville Rd Belleville, IL 62221
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    Belleville, IL 62221
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2308 Old Collinsville Rd Belleville, IL 62221
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