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REO | Acreage on High-Traffic Retail Corridor I-55 Hwy 10.86 Acres of Commercial Land Online Auction Sale Troy, IL 62294


Investment Highlights
- Investors and buyers can take advantage of this 10.86-acre land primed for development on a major retail thoroughfare in Troy, Illinois.
- Situated beside Interstate 55 surrounded by a plethora of retailers including Dunkin’, Dairy Queen, McDonald’s, Arby’s, Burger King, among others.
- Broad C-3 Highway Commercial Zoning allows for many possibilities for this property, perfect for investors and developers to execute their vision.
- Positioned with frontage on the highly trafficked Edwardsville Road, which sees lofty traffic counts of approximately 14,115 vehicles per day.
- Just 20 miles northeast of St. Louis, Troy allows residents to enjoy a small-town feel with access to big-city amenities.
- Troy is an excellent place for investment with a secure in-place population and average spending within 5 miles exceeding $781 million annually.
Executive Summary
Unlock the potential of this exceptional 10.86-acre property in Troy, Illinois, an outstanding investment and development property that combines location, scale, and flexibility for maximum impact.
Boasting prime frontage on Edwardsville Road, one of the region’s most trafficked retail corridors, businesses will benefit from remarkable daily traffic counts. Fully serviced with gas, water, and sewer, this land is development-ready, saving time and resources for businesses and developers to execute their vision. The expansive C-3 Highway Commercial zoning offers limitless possibilities. Whether for the development of a flagship retail center, auto services, fuel stations, or light manufacturing, this site serves as an ideal canvas for growth. These factors make the property a truly compelling choice for forward-thinking investors and developers.
Ideally located amid renowned retailers, restaurants, hotels, and essential amenities, this property offers immediate access to a vibrant consumer base. The land is directly beside the TA Truck Stop and across the street from the Pilot Truck Stop. Leading brands such as Walgreens, Jimmy John’s, and Ace Hardware are in the immediate vicinity, while high-traffic destinations like Taco Bell, Cracker Barrel, Dollar Tree, and Starbucks further amplify the area’s appeal. Several lodging and hotel options sit across the interstate, drawing in additional travelers to the area. Its proximity to major interstates, including being situated directly beside a primary commuter route, and less than 18 miles from Downtown St. Louis, makes this location especially attractive for investors and businesses seeking visibility and convenience.
Strategically positioned within the greater St. Louis market, the largest metropolitan area in Missouri with nearly 2.8 million residents, this property offers investors unparalleled access to a vibrant and diverse economy. The region’s central location and robust infrastructure support established industries like manufacturing, healthcare, and financial services, fueling ongoing growth and transformation. Major employers such as BJC Health System, Washington University, Boeing, SSM Health, and Mercy anchor the local economy, while Boeing’s recent expansion underscores continued investment and job creation in advanced manufacturing. Leading financial institutions, including Edward Jones, Stifel Financial, and Wells Fargo, maintain significant regional operations, further enhancing stability and opportunity for long-term success.
Boasting prime frontage on Edwardsville Road, one of the region’s most trafficked retail corridors, businesses will benefit from remarkable daily traffic counts. Fully serviced with gas, water, and sewer, this land is development-ready, saving time and resources for businesses and developers to execute their vision. The expansive C-3 Highway Commercial zoning offers limitless possibilities. Whether for the development of a flagship retail center, auto services, fuel stations, or light manufacturing, this site serves as an ideal canvas for growth. These factors make the property a truly compelling choice for forward-thinking investors and developers.
Ideally located amid renowned retailers, restaurants, hotels, and essential amenities, this property offers immediate access to a vibrant consumer base. The land is directly beside the TA Truck Stop and across the street from the Pilot Truck Stop. Leading brands such as Walgreens, Jimmy John’s, and Ace Hardware are in the immediate vicinity, while high-traffic destinations like Taco Bell, Cracker Barrel, Dollar Tree, and Starbucks further amplify the area’s appeal. Several lodging and hotel options sit across the interstate, drawing in additional travelers to the area. Its proximity to major interstates, including being situated directly beside a primary commuter route, and less than 18 miles from Downtown St. Louis, makes this location especially attractive for investors and businesses seeking visibility and convenience.
Strategically positioned within the greater St. Louis market, the largest metropolitan area in Missouri with nearly 2.8 million residents, this property offers investors unparalleled access to a vibrant and diverse economy. The region’s central location and robust infrastructure support established industries like manufacturing, healthcare, and financial services, fueling ongoing growth and transformation. Major employers such as BJC Health System, Washington University, Boeing, SSM Health, and Mercy anchor the local economy, while Boeing’s recent expansion underscores continued investment and job creation in advanced manufacturing. Leading financial institutions, including Edward Jones, Stifel Financial, and Wells Fargo, maintain significant regional operations, further enhancing stability and opportunity for long-term success.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
Property Facts
| Property Type | Land | Total Lot Size | 10.86 AC |
| Property Subtype | Commercial | Sale Condition | Auction Sale |
| Sale Type | Investment | Type of Ownership | Fee Simple |
| Zoning | C-3 - Highway Commercial | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Sale Type | Investment |
| Total Lot Size | 10.86 AC |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Zoning | C-3 - Highway Commercial |
1 Lot Available
Lot
| Lot Size | 10.86 AC | Parcel Number | 09-1-22-05-00-000-012.001 |
| Lot Size | 10.86 AC |
| Parcel Number | 09-1-22-05-00-000-012.001 |
Sale Advisor
Luke Allan, Broker Associate
Luke has been involved in real estate since he was 12 years-old, selling properties at auction with his family business, Allan Auction Service. In high school, he worked summers at the Madison County Assessor’s office, which led him to become a licensed real estate appraiser in the 1990’s.
During the past 25 years, he has worked as a licensed Broker marketing and managing investment property. His ability to communicate with property owners, clients, and city officials helps him to provide superior customer service. Being a lifelong resident of Madison County, and working in St. Clair County during the past two decades, his knowledge and experience in the Metro East market is an asset to his clients and the Kunkel Wittenauer Group team.
Luke resides in Troy with his wife Beth, and his three children. When he is away from the office, he enjoys boating and working on his classic cars.
During the past 25 years, he has worked as a licensed Broker marketing and managing investment property. His ability to communicate with property owners, clients, and city officials helps him to provide superior customer service. Being a lifelong resident of Madison County, and working in St. Clair County during the past two decades, his knowledge and experience in the Metro East market is an asset to his clients and the Kunkel Wittenauer Group team.
Luke resides in Troy with his wife Beth, and his three children. When he is away from the office, he enjoys boating and working on his classic cars.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
Auction Contact
Keisha Hartshorn
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 478027045
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Photos
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Contact the Sale Advisor
REO | Acreage on High-Traffic Retail Corridor | I-55 Hwy
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REO | Acreage on High-Traffic Retail Corridor | I-55 Hwy
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