For Sale
$547,800

Reese Dr Collinsville, IL 62234

18-Acre Development Site, 250 Units Possible

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional 18.26-acre site presents a remarkable opportunity for multifamily development in Collinsville, Illinois. Zoned R3 - Multifamily Planned, this property offers the potential to construct an estimated 250-unit residential complex. Priced at $547,800, or $30,000 per acre, this land boasts a highly desirable location. Its proximity to major transportation arteries, including Interstates 55/70 (Exit 11) and I-255 (Exit 25), ensures convenient access to the greater St. Louis metropolitan area. The site benefits from its close proximity to a variety of retail establishments, restaurants, and hotels, enhancing its appeal to potential residents. All necessary utilities are readily available nearby. Detailed site plans and engineering information are accessible upon request, facilitating a streamlined development process. The property's APN is 13-1-21-29-12-201-006/006.002. This prime location in Madison County, Illinois, at the address of Reese Drive, zip code 62234, makes this an exceptional investment opportunity for developers seeking to capitalize on the strong demand for multifamily housing in the area. Don't miss this chance to acquire a substantial and strategically located development parcel.

Highlights

  • 18-acre site, multi-family zoning.
  • 250-unit development potential.
  • Convenient access to I-55/70 (Exit 11) and I-255 (Exit 25).
  • Near major retail, restaurants, and hotels.

Property Details for 0 Reese Dr

Property type
Land
Lot Size (sq. ft)
795,406 SF

Location Insight

City
Collinsville
County
Madison
State
Illinois
Latitude
38.6830908
Longitude
-90.004745

FAQs

What type of property is this?
Land - 18-Acre Development Site, 250 Units Possible
Where is the land located?
The property is located at Reese Dr Collinsville, IL.
What is the asking price?
The asking price for this property is $547,800.
What are key features of this property?
This property features: 18-acre site, multi-family zoning.; 250-unit development potential.; Convenient access to I-55/70 (Exit 11) and I-255 (Exit 25).
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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0 Reese Dr
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