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    IL-159 At I-64 Fairview Heights, IL 62208

    Sponsored
    For Sale
    $10,000,000

    72-Acre Mixed-Use Land, $10M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 72-acre mixed-use development site presents a unique investment opportunity in Fairview Heights, Illinois. Located at the intersection of IL-159 and I-64, this property boasts 1,525 feet of frontage on IL-159 with controlled access and a four-way lighted intersection. Its strategic location offers unparalleled visibility and accessibility, situated just north of I-64 at Exit 12, and a convenient 15-minute drive from downtown St. Louis. The site is zoned B-3 Commercial, permitting both commercial and multi-family development. The asking price is $10,000,000, translating to $138,889 per acre and $3.20 per square foot. This property is situated within the Tif District, benefiting from aggressive city assistance programs. The APN is 03-21.0-400-001. This substantial land parcel offers developers a rare chance to create a thriving mixed-use project in a high-growth area with excellent infrastructure and proximity to a major metropolitan area. The lot size ranges from 35 to 72 acres. This is an exceptional opportunity for significant returns on investment.

    Property Features for IL-159 At I-64

    General Information

    Property type
    Land
    Lot Size
    1,524,600 SF

    HighLights

    • Commercial and multi‑family zoning.
    • Prime Tif District location with strong city support.
    • 1,525 feet of frontage on IL‑159 with controlled access.
    • Excellent access to I‑64, 15 minutes from downtown St. Louis.
    • $3.20 per square foot sale price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fairview Heights
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.9850863
    Latitude
    38.5964961

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    FAQs

    What type of property is this?
    Land - 72-Acre Mixed-Use Land, $10M
    Where is this land located?
    The property is located at IL-159 At I-64 Fairview Heights, IL.
    What is the asking price?
    The asking price for this property is $10,000,000.
    What are key features of this property?
    This property features: Commercial and multi-family zoning.; Prime Tif District location with strong city support.; 1,525 feet of frontage on IL-159 with controlled access.
    Request Owner's contact information
    IL-159 At I-64 Fairview Heights, IL 62208
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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
    IL-159 At I-64 Fairview Heights, IL 62208
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