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    Quadrant Of Lemen Settlement Rd Collinsville, IL 62234

    For Sale
    Contact for pricing

    119 Acres, Residential Potential, Utilities Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 119.94-acre development site presents a remarkable opportunity for residential construction in Collinsville, Illinois. Located in the N.W. quadrant of Lemen Settlement Road, this property boasts convenient access and existing infrastructure. The land is currently zoned for agricultural use, offering significant potential for rezoning and subdivision. The site is comprised of two parcels, one approximately 74 acres and the other approximately 45 acres, with an additional 66 acres potentially available. This presents flexibility for developers seeking various project scales. Utilities, including water, gas, and electricity, are readily available at the site, streamlining the development process and reducing initial infrastructure costs. The property's expansive size and strategic location make it ideal for a large-scale residential development project, catering to the growing demand for housing in the area. The address is in Madison/St. Clair County, Illinois, with a zip code of 62234. The asking price is $28,500 per acre. This prime location offers a compelling investment opportunity for developers seeking to capitalize on the area's growth potential. Serious inquiries are encouraged.

    Property Features for 0 Quadrant Of Lemen Settlement Rd

    General Information

    Property type
    Land
    Lot Size
    5,224,586 SF

    HighLights

    • Excellent residential development opportunity.
    • Two contiguous sites totaling 119 acres, with an additional 66 acres potentially available.
    • Utilities (water, gas, and electric) on‑site.
    • Subdivision potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Collinsville
    County
    Madison/St. Clair
    State
    Illinois
    Longitude
    -89.9720133
    Latitude
    38.6844314

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    FAQs

    What type of property is this?
    Land - 119 Acres, Residential Potential, Utilities Available
    Where is this land located?
    The property is located at Quadrant Of Lemen Settlement Rd Collinsville, IL.
    What are key features of this property?
    This property features: Excellent residential development opportunity.; Two contiguous sites totaling 119 acres, with an additional 66 acres potentially available.; Utilities (water, gas, and electric) on-site.
    (618) 570-8344
    Request Owner's contact information
    Quadrant Of Lemen Settlement Rd Collinsville, IL 62234
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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
    Quadrant Of Lemen Settlement Rd Collinsville, IL 62234
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