146 Simpson Rd Collinsville, IL 62234
- Land
- 7.00 lot acres
Current Use by Public Records
- Land
Property Details for 146 Simpson Rd
- Lot size
- 7.00 lot acres
- Property type
- Land
Description
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.
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
- -90.0314
- Latitude
- 38.6631
