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

Property Details for IL-159 At I-64

Lot size

35.00 AC

Property type

Residential income properties

Property subtype

Other mixed-use properties

Description

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.

Location Insight

City

Fairview Heights

County

St. Clair

State

Illinois

Latitude

38.5965

Longitude

-89.9851

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