0 Lemen Settlement & Witte Rd & Heck Rd Collinsville, IL 62234
Exceptional residential development opportunity in Collinsville, Illinois, featuring three distinct parcels of land available for purchase. These sites, located near the intersection of Lemen Settlement Road, Witte Road, and Heck Road (zip code 62234), offer a unique blend of agricultural and residential zoning potential. The parcels range in size from 45 acres to 74 acres, providing flexibility for various development plans. The 45-acre and 74-acre sites boast attractive tree lines, adding to their natural appeal. Crucially, water, gas, and electric utilities are readily accessible, located at or very near the property boundaries. The potential for subdivision is a significant advantage, allowing for the creation of multiple residential lots. Pricing varies by parcel size: the 45-acre and 74-acre sites are priced at $28,500 per acre, while the 66-acre site is offered at $22,000 per acre. This prime location in St. Clair County presents a compelling investment opportunity for developers seeking to capitalize on the growing demand for residential properties in the area. The multiple APN numbers reflect the individual parcels. This is an excellent chance to acquire a substantial land holding with significant development potential. Contact us today to learn more about these exceptional properties.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.