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    1698 Cross St Shiloh, IL 62269

    Sponsored
    For Sale
    $2,710,000

    26+ Acres, 250-310 Units Possible

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional investment opportunity: a 26.33-acre multifamily-zoned site in Shiloh, Illinois, at 1698 Cross St, 62269. This prime location boasts a superb setting adjacent to the intersection of Cross Street and Frank Scott Parkway, providing easy access to a thriving area encompassing a major hospital district, logistics centers, retail and hospitality hubs, schools, and Scott Air Force Base – the region's largest employer. The property is zoned for multifamily development and offers the potential to construct a substantial complex of 250 to 310 units. Comprehensive engineering reports (prepared by TWM) are available for review, detailing the feasibility and potential of this development. The site is free from coal undermining concerns. The asking price is $2,710,000, translating to approximately $8,741.94 per unit based on a 310-unit development. Note that provided pictures and renderings are conceptual and do not reflect approved plans. This is a rare opportunity to acquire a large, well-located parcel ideal for a significant multifamily development project. This Class A property presents a strong return on investment potential.

    Property Features for 1698 Cross St

    General Information

    Property type
    Multifamily properties
    Class
    A

    Building Details

    Units
    310

    HighLights

    • 26.33‑acre multifamily‑zoned site in Shiloh, IL.
    • Prime location at Cross St & Frank Scott Parkway, near hospital, logistics, retail, schools, and Scott Air Force Base.
    • Potential for 250‑310 multifamily units.
    • Engineering reports confirm development feasibility; no coal mining concerns.
    • $2,710,000 asking price; ~$8,741.94 per unit (based on 310 units).
    • Conceptual renderings; requires approved plans.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Shiloh
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.8989447
    Latitude
    38.5625938

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    FAQs

    What type of property is this?
    Multifamily property - 26+ Acres, 250-310 Units Possible
    Where is this multifamily property located?
    The property is located at 1698 Cross St Shiloh, IL.
    What is the asking price?
    The asking price for this property is $2,710,000.
    What are key features of this property?
    This property features: 26.33-acre multifamily-zoned site in Shiloh, IL.; Prime location at Cross St & Frank Scott Parkway, near hospital, logistics, retail, schools, and Scott Air Force Base.; Potential for 250-310 multifamily units.
    (618) 407-4240
    Request Owner's contact information
    1698 Cross St Shiloh, IL 62269
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    Shiloh, IL 62269
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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
    1698 Cross St Shiloh, IL 62269
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