IL-159 At I-64 Fairview Heights, IL 62208
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.