For Sale
$10,000,000

IL-159 At I-64 Fairview Heights, IL 62208

72-Acre Mixed-Use Land, $10M

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 72-acre mixed-use development site presents a unique investment opportunity in Fairview Heights, Illinois. Located at the intersection of IL-159 and I-64, this property boasts 1,525 feet of frontage on IL-159 with controlled access and a four-way lighted intersection. Its strategic location offers unparalleled visibility and accessibility, situated just north of I-64 at Exit 12, and a convenient 15-minute drive from downtown St. Louis. The site is zoned B-3 Commercial, permitting both commercial and multi-family development. The asking price is $10,000,000, translating to $138,889 per acre and $3.20 per square foot. This property is situated within the Tif District, benefiting from aggressive city assistance programs. The APN is 03-21.0-400-001. This substantial land parcel offers developers a rare chance to create a thriving mixed-use project in a high-growth area with excellent infrastructure and proximity to a major metropolitan area. The lot size ranges from 35 to 72 acres. This is an exceptional opportunity for significant returns on investment.

Highlights

  • Commercial and multi-family zoning.
  • Prime Tif District location with strong city support.
  • 1,525 feet of frontage on IL-159 with controlled access.
  • Excellent access to I-64, 15 minutes from downtown St. Louis.
  • $3.20 per square foot sale price.

Property Details for IL-159 At I-64

Property type
Mixed-use properties, Land
Lot Size (sq. ft)
1,524,600 SF

Location Insight

City
Fairview Heights
County
St. Clair
State
Illinois
Latitude
38.5964961
Longitude
-89.9850863

FAQs

What type of property is this?
Mixed-use property - 72-Acre Mixed-Use Land, $10M
Where is the mixed-use property located?
The property is located at IL-159 At I-64 Fairview Heights, IL.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: Commercial and multi-family zoning.; Prime Tif District location with strong city support.; 1,525 feet of frontage on IL-159 with controlled access.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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IL-159 At I-64
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