Prime 3.5-acre redevelopment opportunity at 41 E MacArthur Dr in Cottage Hills/Bethalto. Offered at $1,200,000, this highly visible commercial site is strategically positioned adjacent to the I-255 exit and approximately 1.7 miles from St. Louis Regional Airport. The property is situated within the Riverbend Enterprise Zone and benefits from approximately 40,000 vehicles per day. Excellent redevelopment potential with convenient interstate access and proximity to established national retailers, restaurants and services. Ideal opportunity for commercial, retail or other redevelopment uses, subject to zoning and municipal approval.
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$ 1,200,000
Active Under Contract
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26049347
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First Add
Bethalto DIST 8
Madison-IL
Land
Land
$5,633
Last 6 closed homes in this zip.
| Address | Bd/Ba | SqFt | List | Sold | Closed |
|---|---|---|---|---|---|
| 1309 2nd Street, Wood River, IL 62018 | 2/2 | 1,424 | $130,000 | $135,000 103.8% of ask |
Aug 28, 2026 |
| 24 N Lincoln Avenue, Cottage Hills, IL 62018 | 3/2 | 1,300 | $200,000 | $200,000 100% of ask |
Aug 17, 2026 |
| 33 S Williams Street, Cottage Hills, IL 62018 | 2/1 | 848 | $120,000 | $125,000 104.2% of ask |
Aug 7, 2026 |
| 112 Midway Avenue, Wood River, IL 62018 | 3/2 | 1,004 | $239,900 | $240,000 100% of ask |
Jul 29, 2026 |
| 47 Eva Avenue, Wood River, IL 62018 | 3/2 | 1,439 | $233,000 | $220,000 94.4% of ask |
Jul 17, 2026 |
| 1359 11th Street, Cottage Hills, IL 62018 | 1/1 | 1,232 | $74,000 | $74,000 100% of ask |
Jul 10, 2026 |
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Spacious ranch-style home with a walkout basement, and plenty of room to spread out! This home features 4 bedrooms, 3 bathrooms, and an updated kitchen, offering comfortable living space on both levels. Situated on a large corner lot in the Bethalto School District, the property offers both space and convenience. Priced for a quick sale and available to cash or pre approved conventional financed buyers only.
Endless potential in the heart of Cottage Hills! This property is in need of renovation prior to occupancy and is waiting for your vision and updates. Situated on a spacious lot with a quiet residential setting, this home offers an excellent opportunity for investors, flippers, or buyers looking for a rehab project. Conveniently located near shopping, dining, parks, and everyday amenities, the property also offers easy access to nearby Bethalto and Alton for additional entertainment and services. Cottage Hills is known for its affordable housing, generous lot sizes, and convenient location, making this a promising opportunity to restore and customize a home to your liking. ALL information is deemed reliable but is not guaranteed and should be verified by the buyer and/or buyers agent before making an offer.
TWO HOMES + WORKSHOP | MULTIGENERATIONAL LIVING | INVESTMENT OPPORTUNITY Rare opportunity to own three structures on one fenced .45-acre parcel, offering flexibility that is hard to find! The main residence features 4 bedrooms and 3 baths, an open floor plan, updated flooring in the living and dining areas, and a charming wood-burning fireplace in the dining room that creates a warm and inviting gathering space. This is move in ready. Has a 1 car garage that is 16 x 24.5'. Special features include walk out basement, central vacuum system, bonus area in lower level that has endless possibilities. A second home on the property offers 2 bedrooms, 1 bath, an open-concept layout, and main-floor laundry. While this home needs some TLC, it presents an exciting opportunity to create additional living space, generate rental income, or accommodate extended family. Seller to make no repairs or improvements on this unit. Behind the main home is a spacious workshop with electricity, wood flooring, and a garage-style door large enough for a riding lawnmower. Whether you're into woodworking, gardening, crafting, automotive projects, or another hobby, this versatile space is ready to put to work. 38' x 11' All three structures feature newer roofs, adding valuable peace of mind. The property is fully fenced and offers plenty of parking for both homes, making it practical as well as versatile. The possibilities are truly abundant: live in one home and rent the other, create a multigenerational living arrangement, house extended family, establish an investment property, or simply enjoy having extra space for hobbies and projects. If you're looking for a property that offers space, flexibility, income potential, and possibilities, this unique property deserves a closer look. Two homes, a dedicated workshop, a fenced .45-acre lot, and plenty of room to make it your own—what will you do with the opportunity?
