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 current application for STAR BOND Legislation (Ilinois SB 1911) if chosen at the Southwest corner of I-270 South to State highway 162 & bordering State Highway 157 on the east side would make this location one of the most sought after properties available for development opportunities of incredible potential! 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.
0 Bed
0 Bath
0 sq.ft
$0 per sq.ft
$ 2,350,000
Active
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26022044
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Wheel Ranch
Madison-IL
Commercial Sale
Commercial Sale
$4,845
Last 6 closed homes in this zip.
| Address | Bd/Ba | SqFt | List | Sold | Closed |
|---|---|---|---|---|---|
| 32 Grainey Drive, Glen Carbon, IL 62034 | 3/2 | 1,244 | $330,000 | $337,000 102.1% of ask |
Sep 11, 2026 |
| 7108 Savannah Drive, Glen Carbon, IL 62034 | 4/2 | 1,512 | $420,000 | $415,000 98.8% of ask |
Sep 11, 2026 |
| 7 Dogwood Estates, Glen Carbon, IL 62034 | 4/3 | 2,900 | $680,000 | $705,000 103.7% of ask |
Sep 10, 2026 |
| 28 S Meadow Lane, Glen Carbon, IL 62034 | 4/3 | 1,471 | $345,000 | $377,000 109.3% of ask |
Sep 10, 2026 |
| 101 Waterfall Court, Glen Carbon, IL 62034 | 4/5 | 2,859 | $750,000 | $750,000 100% of ask |
Sep 9, 2026 |
| 18 Ginger Lake Drive, Glen Carbon, IL 62034 | 3/2 | 1,720 | $239,900 | $227,250 94.7% of ask |
Sep 8, 2026 |
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