$4,965,840
Active Positioned for future growth, this 33-acre site presents a compelling opportunity for multifamily development with a clear path to annexation and rezoning. Currently zoned agricultural, the property is subject to a city annexation agreement that supports multifamily use-significantly reducing entitlement risk for a prospective developer. The site offers the scale and flexibility to accommodate a thoughtfully planned residential community, with potential for phased development. Ideal for investors and developers seeking to capitalize on expanding housing demand in a growing area. Surrounded by ongoing development and supported by municipal cooperation, this property is well-positioned for a successful transition from agricultural use to higher-density residential or mixed development.
Positioned for future growth, this 33-acre site presents a compelling opportunity for multifamily development with a clear path to annexation and rezoning. Currently zoned agricultural, the property is subject to a city annexation agreement that supports multifamily use-significantly reducing entitlement risk for a prospective developer. The site offers the scale and flexibility to accommodate a thoughtfully planned residential community, with potential for phased development. Ideal for investors and developers seeking to capitalize on expanding housing demand in a growing area. Surrounded by ongoing development and supported by municipal cooperation, this property is well-positioned for a successful transition from agricultural use to higher-density residential or mixed development.
LISTING SNAPSHOT
Price$4,965,840
Bedrooms0
Full Baths0
Half Baths0
Inside Area (SqFt)N/A
Lot Size33 Acres
Year Built
MLS® NumberN/A
StatusActive
Property TaxN/A
HOA/Condo/Coop FeesN/A
Listing courtesy of BHHS Central Illinois, REALTORS
Comps
Comparable sales data is not available for this listing.
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