Reese Dr Collinsville, IL 62234
- Land
- 18.26 lot acres
Current Use by Public Records
- Land
Property Details for 0 Reese Dr
- Lot size
- 18.26 lot acres
- Property type
- Land
Description
This exceptional 18.26-acre site presents a remarkable opportunity for multifamily development in Collinsville, Illinois. Zoned R3 - Multifamily Planned, this property offers the potential to construct an estimated 250-unit residential complex. Priced at $547,800, or $30,000 per acre, this land boasts a highly desirable location. Its proximity to major transportation arteries, including Interstates 55/70 (Exit 11) and I-255 (Exit 25), ensures convenient access to the greater St. Louis metropolitan area. The site benefits from its close proximity to a variety of retail establishments, restaurants, and hotels, enhancing its appeal to potential residents. All necessary utilities are readily available nearby. Detailed site plans and engineering information are accessible upon request, facilitating a streamlined development process. The property's APN is 13-1-21-29-12-201-006/006.002. This prime location in Madison County, Illinois, at the address of Reese Drive, zip code 62234, makes this an exceptional investment opportunity for developers seeking to capitalize on the strong demand for multifamily housing in the area. Don't miss this chance to acquire a substantial and strategically located development parcel.
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
- Collinsville
- County
- Madison
- State
- Illinois
- Longitude
- -90.0047
- Latitude
- 38.6831
