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Property profile & analytics
OFF-MARKET
Land

0 Lemen Rd & Lemen Settlement Rd Collinsville, IL 62234

45.34 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 45.34-acre development site presents a remarkable opportunity for residential construction in Collinsville, Illinois. Located at the intersection of Lemen Road and Lemen Settlement Road, this property boasts convenient access and is ideally situated adjacent to existing subdivisions, offering seamless integration into the community. The land is zoned AG, and utilities, including water and electricity, are readily available on-site. The property's substantial size allows for a large-scale residential project, catering to a variety of housing needs. The asking price is $26,000 per acre, subject to a survey. The parcel number is 03-01.0-100-001, and the property is located in Madison/St. Clair County, Illinois, zip code 62234. This prime location offers developers a unique chance to create a thriving residential community. Additional acreage in the vicinity is also available for those seeking an even larger development footprint. This is an excellent opportunity to capitalize on the growing demand for residential properties in this desirable area. Don't miss out on this exceptional investment prospect.

Property profile
Verified
Property type Land
Lot 45.34 ac (1,975,010 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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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