EDWARDSVILLE — It’s official, Madison County‘s Plum Street property is sold.

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“In real estate, it’s never sold until it’s closed,” Chairman Kurt Prenzler said. “The sale isn’t official until the deed is conveyed

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On Tuesday, Prenzler signed the closing paperwork on the nearly 14 acres at Madison County Title Company. In February, The Staenberg Group, a multi-state development company with offices in St. Louis and Denver – offered $3.86 million for the county-owned property at the intersection of Illinois 159 and Governor’s Parkway.

The company was the sole bidder on the land the county put up for sale in January. The county board approved the sale in March.

The company paid the property’s appraised value. The company is also developing the nearby Orchard Town Center in Glen Carbon.

Prenzler said the county wanted to sell the site so it did not have to maintain it, and to eliminate the county’s liability. The sale proceeds will go toward county capital improvements and projects.

Read More:

Mar 17, 2022 | Madison County Approves The $3.86 Million Sale Of Property Along Illinois Route 159   Mar 17, 2022

Feb 10, 2022 | Plum Street Protest Group Calls To Save Greenspace Feb 10, 2022

Oct 16, 2019 | Report to the People # 106 by Phil Chapman, County Board District Three Oct 16, 2019

Jan 27, 2022 | Madison County To Transfer Land To Madison County Transit For Greenspace   Jan 27, 2022

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