For Sale
$944,000

1211 Frank Scott Pkwy Belleville, IL 62226

11.43-acre commercial site, multi-family potential.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 11.43-acre commercial property, located at 1211 Frank Scott Parkway in Belleville, Illinois (zip code 62226), presents a unique development opportunity. The site boasts 720 feet of frontage on Frank Scott Parkway, a road with an average daily traffic count of 15,600 vehicles. Zoned for Commercial and Agricultural use (6.89 acres are zoned Agricultural), this land is ideally suited for multi-family development. All utilities are conveniently located on-site, simplifying infrastructure needs. The property is situated within both an Enterprise Zone and a Tax Increment Financing (TIF) district. While the TIF district's current designation expires in 2024, there's potential for extension. Its strategic location offers proximity to Memorial Hospital and the Metro Link, enhancing its appeal and accessibility. The asking price is $944,000, translating to $82,590 per acre and $1.90 per square foot. The property's APN is 08-05.0-301-002, 08-05.0-301-012. The seller is willing to divide the property. This prime location and flexible zoning make this an attractive investment for developers seeking a high-traffic, well-connected site with significant potential.

Highlights

  • 11.43 acres available, divisible parcels.
  • 720 feet of frontage on Frank Scott Parkway, 15,600 average daily traffic.
  • Located in a Tax Increment Financing (TIF) and Enterprise Zone.
  • Commercially and agriculturally zoned (6.89 acres agriculturally zoned); all utilities on-site.

Property Details for 1211 Frank Scott Pkwy

Property type
Land
Lot Size (sq. ft)
497,891 SF

Location Insight

City
Belleville
County
St. Clair
State
Illinois
Latitude
38.5375354
Longitude
-90.0093266

FAQs

What type of property is this?
Land - 11.43-acre commercial site, multi-family potential.
Where is the land located?
The property is located at 1211 Frank Scott Pkwy Belleville, IL.
What is the asking price?
The asking price for this property is $944,000.
What are key features of this property?
This property features: 11.43 acres available, divisible parcels.; 720 feet of frontage on Frank Scott Parkway, 15,600 average daily traffic.; Located in a Tax Increment Financing (TIF) and Enterprise Zone.
How can I contact the broker?
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1211 Frank Scott Pkwy
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