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Property profile & analytics
OFF-MARKET
Commercial land

2308 Old Collinsville Rd Belleville, IL 62221

0.62 ac lot
Individually Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US28-1063596
Property summary
AI-generated overview

This exceptional 6.5-acre commercial land parcel presents a remarkable investment opportunity in Belleville, Illinois. Located at 2308 Old Collinsville Road, this expansive property boasts significant frontage on both Old Collinsville Road and Central Plaza Drive, offering unparalleled visibility and accessibility. County records indicate a total of approximately 283,139 square feet across seven parcels, providing ample space for a diverse range of commercial developments. The property's versatile zoning allows for a multitude of uses, making it ideal for ambitious entrepreneurs and investors seeking to establish a significant presence in the Belleville market. Imagine the possibilities: a modern office complex, a vibrant retail center, or a dynamic mixed-use development. This prime location offers easy access to major transportation routes and a thriving local community, ensuring strong potential for return on investment. The asking price is $1,500,000. This is a rare chance to acquire a substantial land holding in a desirable area, poised for significant growth and development. Don't miss this opportunity to shape the future of Belleville's commercial landscape. The addresses included in this property are 2308, 2314, 2320, and 2330 Old Collinsville Road, as well as 1810, 1818, and 1832 Central Plaza Drive, Belleville, IL 62221.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.62 ac (27,007 SF)
APN 08-14-0-108-008
UPID US28-1063596
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Kim Lundy · 4 yrs held
Kim Lundy
since 2021
2 recorded transactions
2021
Price N/A
1998
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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