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Apartment Building with Newer Roof
For Sale
Contact for pricing
Pending

317 Bissell Avenue, Collinsville, IL 62234

Partially stripped apartment property with existing framework and layouts planned for multiple residential units.

Property SizeContact for details
Days on Market144

Property Features for 317 Bissell Avenue

General Information

Standard status Pending
Property subtype Multifamily, Land

Property Condition

Severity Major Repairs Needed
Evidence stripped down mostly

Additional Details

Multifamily Units 5
Listing Agency: Coldwell Banker Brown Realtors
Listed By: Angie Judd Uram · License #IL
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Sep 1 at 10:23AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Brown Realtors

Investment Insights

Based on property information with market context.

This apartment property is largely stripped to the framework, creating a redevelopment project with the existing structure still in place. The main building is planned for a three-bedroom, two-bath layout, while the additional units are planned as two-bedroom, one-bath residences. A newer roof is already in place, and the interior remains open for completion and finish work.

Key Highlights

  • Five‑door apartment property with existing framework
  • Newer roof already in place
  • Main structure planned for 3 beds and 2 baths

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Building Supply Daycare Center (Bike/Boat/Book/etc) Store Plumbing Service Furniture & Home Goods Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

514
Businesses Nearby

Demographics for 62234, IL

31,843
Population
14,947
Households
2.1
Avg Household Size
40
Median Age
27%
College-Educated
92%
High-School Grad
37.3 sq mi
ZIP Area
854
Density / Sq Mi
$66,437
Median Household Income
$41,710
Median Earnings
$995
Median Rent
$162,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Partially stripped apartment property with existing framework and layouts planned for multiple residential units.
Where is this apartment building located?
The property is located at 317 Bissell Avenue Collinsville, IL.
What are key features of this property?
This property features: Five‑door apartment property with existing framework; Newer roof already in place; Main structure planned for 3 beds and 2 baths
More about this property
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