Waterfront Residential Development
For Sale
$150,000
Lot 1 Highland Springs Drive, Elgin, IL 60123
Approximately 7-acre waterfront lot with a pond and wetlands, including just under 2 acres designated as buildable.
Property SizeContact for details
Lot Size7.00 Acres
Days on Market1791
Property Features for Lot 1 Highland Springs Drive
General Information
Standard status
Active
Lot size
7.00 Acres
Property subtype
Lots/Land
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$746
Listing Agency:
RE/MAX Horizon
(847) 293-7900
Listed By:
Ben Henrikson · License #475091643
(847) 293-7900
Source:
Exitrealty
Added: Sep 15, 2021
Changed: Aug 8
Last Checked: Jul 16 at 3:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Horizon
Investment Insights
Based on property information with market context.
Approximately 7-acre lot includes a good-sized pond with wetlands. Just under 2 acres are described as buildable space, totaling about 80,000 square feet. The buildable area is located at the northwest corner of the lot along Highland Springs Dr.
The property is contiguous to a multi-family use, and the remarks indicate it could be rezoned to support multi-family development. The seller also notes that all city services are available.
This site is positioned as a waterfront setting with a defined buildable portion at the northwest corner, offering a development footprint that takes advantage of views toward the pond.
The property is contiguous to a multi-family use, and the remarks indicate it could be rezoned to support multi-family development. The seller also notes that all city services are available.
This site is positioned as a waterfront setting with a defined buildable portion at the northwest corner, offering a development footprint that takes advantage of views toward the pond.
Key Highlights
- Approximately 7‑acre waterfront lot with a pond and wetlands
- Just under 2 acres are designated as buildable (80,000 SF)
- Buildable area is located at the NW corner along Highland Springs Dr.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
Explore this area
Business Placement
Demographics for 60123, IL
47,932
Population
18,129
Households
2.6
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
14.0 sq mi
ZIP Area
3,424
Density / Sq Mi
$86,762
Median Household Income
$40,288
Median Earnings
$1,226
Median Rent
$242,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Approximately 7-acre waterfront lot with a pond and wetlands, including just under 2 acres designated as buildable.
Where is this residential land & home lot located?
The property is located at Lot 1 Highland Springs Drive Elgin, IL.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Approximately 7‑acre waterfront lot with a pond and wetlands; Just under 2 acres are designated as buildable (80,000 SF); Buildable area is located at the NW corner along Highland Springs Dr.
