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US RTE 55 and State Route 143 - Development Site 44.4 Acres of Commercial Land Offered at $5,720,000 in Edwardsville, IL 62025

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INVESTMENT HIGHLIGHTS

  • Location, access and growth / profit potential given its proximity to the Interstate 55 Interchange and the adjacent Plummer Family Park
  • Over 385 miles of local trails and greenways via the trail connector
  • Eligible for economic incentives included in the Gateway Commerce Center Enterprise Zone
  • All utilities on site or adjacent

EXECUTIVE SUMMARY

Approx. 44-acre development site just 20 minutes from St. Louis. Located within the new 95-acre Park North commercial development that is the centerpiece of the I-55 and IL Highway 143 interchange. The site is strategically positioned to become the "Gateway" to Edwardsville. Entire 44-acre site included in the Gateway Commerce Center Enterprise Zone which provides valuable economic incentives to developers. The site is directly adjacent to the new Plummer Family (sports) Park and its 425,000+ predicted visitors for 2025. The 44-acre site and the sports park are both connected to IL Highway 143 via the recently completed Sports Park Drive roadway running north/south through the entire length of the Park North site. The new road and new 4-way signalized entrance off IL 143 into the site will officially open for traffic in June/July 2025.
Construction on the first Park North business is well underway with the Park North Golf Club (https://www.parknorthgolfclub.com/)that is planned to open in June/July 2025. Additional planned businesses and amenities include hotels, entertainment, retail, restaurants and a food/fuel concept. The Park North site overall contains an existing water feature, attractive existing green-space and there are plans to link the property to the Ronald Foster Trail to the south which would facilitate connection to over 125 miles of existing walking, running and biking trails.
Economically speaking, a high local median household income, educated work force, excellent business environment, low cost of living and plentiful existing complimentary demand generators make this 44-acre development site ideally suited for mixed-use commercial development end users.
Local complimentary demand generators include:
Park North Golf Club (https://www.parknorthgolfclub.com/)
Trace on the Parkway mixed-use residential and commercial complex
Orchard Town Center Shopping Complex
Southern Illinois University at Edwardsville
Gateway Commerce Center (Amazon, Procter & Gamble, Hershey, etc.)
Mannie Jackson Center for the Humanities
Lewis and Clark Community College
Edwardsville Crossing Retail District
Edwardsville Corporate Center
New 75+ acre Plummer Family (sports) Park (completed in 2017)
Over 135 fine local restaurants and other points of interest
Fully developed lots starting at $10 sq ft

PROPERTY FACTS

Price $5,720,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Office
  • Hotel
Total Lot Size 44.40 AC
Zoning MU - Zoned mixed-use commercial under the pending I-55 Corridor Plan (hotel, office and retail)

1 LOT AVAILABLE

Lot

Price $5,720,000
Price Per AC $128,828.83
Lot Size 44.40 AC

Flat and gently rolling zoned for mixed-use commercial (hotel, office and retail). All infrastructure improvements installed with utilities on site/adjacent. I-55 frontage w/ 35,000 ADT count. Fully developed lots available, starting at $10 sq. ft.

DESCRIPTION

Approximately 44 acres remaining for sale out of 95 total assembled acres of commercial land conveniently located in Edwardsville, IL in the SW quadrant of Interstate 55 and IL Highway 143 / Governor’s Parkway. Entire site eligible for economic incentives included in the Gateway Commerce Center Enterprise Zone and will have its own new business district. Site is directly adjacent to the new 78-acre Plummer Family Sports Park (and over 425,000 expected visitors in 2025). The site is also directly across the street from the soon-to-open Park North Golf Club (https://www.parknorthgolfclub.com/). The new, 4-way signalized entrance off IL 143 and new road way through Park North is now complete and will open for vehicle traffic in June/July 2025. Easy access to Southern Illinois University(SIUE), new Anderson Hospital, new Sam’s Club, Lowe’s, Dierberg’s, Walmart Super Center, 135+ restaurants, new YMCA, Madison County Transit (MCT) and over 385 miles of local trails and greenways via the trail connector. All infrastructure installed with all utilities on site or adjacent.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 10-1-16-17-00-000-012
  • 10-1-16-17-00-000-021
Land Assessment
$21,580
Improvements Assessment
$0
Total Assessment
$21,580
  • Listing ID: 16761815

  • Date on Market: 7/30/2019

  • Last Updated:

  • Address: US RTE 55 and State Route 143, Edwardsville, IL 62025

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