506 Old Collinsville Rd Caseyville, IL 62232
- Land
- 3.85 lot acres
Current Use by Public Records
- Land
Property Details for 506 Old Collinsville Rd
- Lot size
- 3.85 lot acres
- Property type
- Land
- Property subtype
- Commercial land
Description
This exceptional 3.85-acre commercial development site presents a unique investment opportunity in Caseyville, Illinois. Strategically located at the corner of Old Collinsville Road and Milburn School Road, this property benefits from its proximity to a newly constructed roundabout, enhancing visibility and accessibility. The site is zoned B1-P and boasts a land value of $2.50 per square foot, with an asking price of $420,000. Its prime location offers excellent exposure, situated next to recently developed residential communities and the new O'Fallon High School Freshman Campus, as well as numerous national retailers. The property's convenient access to major transportation arteries, including IL Route 159 and I-64 (Exit 12), further enhances its appeal. The site's strategic position is underscored by the recent acquisition of adjacent parcels by two banking institutions, indicating strong market confidence in the area's growth potential. The property's APN is 03-14.0-300-004. The lease expires December 1, 2024, with no remaining lease term. This presents a blank canvas for developers seeking a high-visibility location with strong infrastructure and a thriving surrounding community. This is an ideal site for a variety of commercial ventures.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Caseyville
- County
- St Clair
- State
- Illinois
- Longitude
- -89.9653
- Latitude
- 38.6149
