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Property profile & analytics
OFF-MARKET
Land

146 Simpson Rd Collinsville, IL 62234

7 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 7-acre parcel of land presents a unique investment opportunity in Collinsville, Illinois. Located at 146 Simpson Road, this R-1 zoned property offers significant potential for residential development. The land is priced at $220,000, translating to $0.72 per square foot. Its strategic location directly across from a new casino development and adjacent to the Fairmount Park Race Track provides unparalleled visibility and accessibility. The property boasts excellent access to Interstate 255 via Exit 24, ensuring convenient transportation links. Furthermore, its location within a Tax Increment Financing (TIF) District may offer additional financial incentives for qualified projects. The property's zoning designation (R-1) allows for a variety of residential uses, making it suitable for a range of development plans. With its prime location, favorable zoning, and proximity to major attractions and transportation arteries, this 7-acre lot represents a compelling investment opportunity for discerning buyers seeking to capitalize on the growth potential of Collinsville. The zip code is 62234, and the property is situated in Madison County.

Property profile
Verified
Property type Land
Lot 7 ac (304,920 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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