For Sale
$2,710,000

1698 Cross St Shiloh, IL 62269

26+ Acres, 250-310 Units Possible

Overview

Added:
Dec 11, 2024
Days on market:
131
Exceptional investment opportunity: a 26.33-acre multifamily-zoned site in Shiloh, Illinois, at 1698 Cross St, 62269. This prime location boasts a superb setting adjacent to the intersection of Cross Street and Frank Scott Parkway, providing easy access to a thriving area encompassing a major hospital district, logistics centers, retail and hospitality hubs, schools, and Scott Air Force Base – the region's largest employer. The property is zoned for multifamily development and offers the potential to construct a substantial complex of 250 to 310 units. Comprehensive engineering reports (prepared by TWM) are available for review, detailing the feasibility and potential of this development. The site is free from coal undermining concerns. The asking price is $2,710,000, translating to approximately $8,741.94 per unit based on a 310-unit development. Note that provided pictures and renderings are conceptual and do not reflect approved plans. This is a rare opportunity to acquire a large, well-located parcel ideal for a significant multifamily development project. This Class A property presents a strong return on investment potential.

Highlights

  • 26.33-acre multifamily-zoned site in Shiloh, IL.
  • Prime location at Cross St & Frank Scott Parkway, near hospital, logistics, retail, schools, and Scott Air Force Base.
  • Potential for 250-310 multifamily units.
  • Engineering reports confirm development feasibility; no coal mining concerns.
  • $2,710,000 asking price; ~$8,741.94 per unit (based on 310 units).
  • Conceptual renderings; requires approved plans.

Property Details for 1698 Cross St

Property type
Land
Class
A
Units
310

Location Insight

City
Shiloh
County
St. Clair
State
Illinois
Latitude
38.5625938
Longitude
-89.8989447
1698 Cross St, Shiloh, Illinois

FAQs

What type of property is this?
Land - 26+ Acres, 250-310 Units Possible
Where is the land located?
The property is located at 1698 Cross St Shiloh, IL.
What is the asking price?
The asking price for this property is $2,710,000.
What are key features of this property?
This property features: 26.33-acre multifamily-zoned site in Shiloh, IL.; Prime location at Cross St & Frank Scott Parkway, near hospital, logistics, retail, schools, and Scott Air Force Base.; Potential for 250-310 multifamily units.
How can I contact the broker?
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1698 Cross St
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