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    OFF-MARKET
    Land

    0 Quadrant Of Lemen Settlement Rd, Collinsville, IL 62234

    119.94 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 119.94-acre development site presents a remarkable opportunity for residential construction in Collinsville, Illinois. Located in the N.W. quadrant of Lemen Settlement Road, this property boasts convenient access and existing infrastructure. The land is currently zoned for agricultural use, offering significant potential for rezoning and subdivision. The site is comprised of two parcels, one approximately 74 acres and the other approximately 45 acres, with an additional 66 acres potentially available. This presents flexibility for developers seeking various project scales. Utilities, including water, gas, and electricity, are readily available at the site, streamlining the development process and reducing initial infrastructure costs. The property's expansive size and strategic location make it ideal for a large-scale residential development project, catering to the growing demand for housing in the area. The address is in Madison/St. Clair County, Illinois, with a zip code of 62234. The asking price is $28,500 per acre. This prime location offers a compelling investment opportunity for developers seeking to capitalize on the area's growth potential. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Land
    Lot 119.94 ac (5,224,586 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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