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    705 Illinois Rte 157 Collinsville, IL 62234

    Sponsored
    For Sale
    $750,000

    1-Acre Retail Lot, High-Traffic Location

    Property size:
    5,999 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1-acre commercial lot, located at 705 Illinois Route 157 in Collinsville, Illinois (zip code 62234), presents a unique investment opportunity. Priced at $750,000 ($17.22/SF land value), this property offers significant potential for new retail or restaurant development. The lot is zoned D Hp-1 (Hospitality Park District), allowing for a variety of uses, and includes 50 parking spaces. Its prime location boasts high visibility and accessibility, situated adjacent to a new Popeyes and Jimmy John's, and in close proximity to major retailers such as Home Depot, Walmart, and a proposed Chick-fil-A. The site is conveniently located north of Eastport Plaza, near the I-55/I-70 interchange, ensuring excellent traffic flow and customer access. This value-add investment is available for sale, ground lease, or build-to-suit options, with drive-thru potential. The site will be filled to grade, simplifying development. With a total area of 5,999 square feet, this property is ready for immediate development. This is an ideal opportunity for investors seeking a high-growth area with strong demographics and established commercial presence. Contact us today to learn more about this exceptional property.

    Property Features for 705 Illinois Rte 157

    General Information

    Property type
    Retail properties
    Square Feet
    5,999 SF
    Lot Size
    43,560 SF

    HighLights

    • New retail/restaurant space available for lease, build‑to‑suit, or sale; drive‑thru possible.
    • Excellent location north of Eastport Plaza, near I‑55/I‑70 interchange.
    • HP‑1 (Hospitality Park District) zoning.
    • Site will be fully graded.
    • Near Home Depot, Walmart, and a planned Chick‑fil‑A.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Collinsville
    County
    Madison
    State
    Illinois
    Longitude
    -90.010405538046
    Latitude
    38.685517611015

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    FAQs

    What type of property is this?
    Retail property - 1-Acre Retail Lot, High-Traffic Location
    Where is this retail property located?
    The property is located at 705 Illinois Rte 157 Collinsville, IL.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: New retail/restaurant space available for lease, build-to-suit, or sale; drive-thru possible.; Excellent location north of Eastport Plaza, near I-55/I-70 interchange.; HP-1 (Hospitality Park District) zoning.
    Request Owner's contact information
    705 Illinois Rte 157 Collinsville, IL 62234
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    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
    705 Illinois Rte 157 Collinsville, IL 62234
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