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$ 2,350,000
Est. payment /mo
Active
2202 N Bluff Rd. Glen Carbon, IL 62034
12.51 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Wheel Ranch
MLS Listing ID 26022044
Year Built 1892
Annual Tax Amount $4,845
Lot Size 12.510 Acres
Acres 12.51
Property Description
Perfectly located at the intersection of Highways 162 & 157 & 1 mile south of I-270. Currently under major highway construction improvements! The B-4 Commercial Zoning affords many possibilities. There are currently 18 storage units and 2 billboards for leasing income immediately until that time when a major development could be established. The Village of Glen Carbon is choosing a company to do an independent feasibility study which is required under the Statewide Innovation Development & Economy Act. After the Village receives enough money from Master Developer Destination Illinois LLC to cover the expenses they will hire a firm to complete. In February trustees approving STAR bonds district plan , and asking the state to designate it as a "NOVA district." Governor Pritzker approved the NOVA district in May 2026. STAR bonds are a state authorized economic development tool that can finance large tourism, entertainment or retail projects with new sale tax revenue generated within a designated area. The bonds are repaid over time from additional sales taxes generated by the project. The proposed district includes about 1,534 acres across 57 parcels at the Southwest corner of I-270 South to State highway 162 & bordering State Highway 157 on the east side. The 12.51 ares is not in the district but this development would make this location one of the most sought after properties available for development opportunities! The existing 3 story farmhouse and all outbuilding are being sold (AS IS) There is approximately 1000 ft of Highway frontage on 157. Possible redevelopment with 3 or 4 large commercial lots for retail, shopping or office buildings. Call you favorite realtor to request rough concept plan for redevelopment.
Location
State IL
County Madison
Interior
Cooling Central Air
Fireplace N
Exterior
Utilities Available Electricity Connected, Natural Gas Available, Water Available
View Y/N No
Building
Structure Type Brick
Others
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition Standard
Listed by Jim Reppell • RE/MAX Alliance
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