Corner Residential Development
For Sale
$40,000
Lot 2 Ratfield Road, Marengo, IL 60152
Corner lot is zoned E-1 and is subdivided with approved septic for single-family residential use.
Property SizeContact for details
Days on Market543
Property Features for Lot 2 Ratfield Road
General Information
Standard status
Active
Property subtype
Lots/Land
Taxes and HOA fees
Annual Taxes
$579
Listing Agency:
Berkshire Hathaway HomeServices Starck Real Estate
(815) 560-1320
Listed By:
Jean Carlson · License #471001620
(815) 560-1320
Source:
Exitrealty
Added: Mar 1, 2025
Changed: Aug 8
Last Checked: Jul 16 at 7:29PM
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 Berkshire Hathaway HomeServices Starck Real Estate
Investment Insights
Based on property information with market context.
This subdivided corner lot is zoned E-1 and comes with approvals already signed for residential single-family development. The property is also approved for septic, supporting immediate progress toward residential construction plans.
The lot is situated on the corner of Ratfield Road and Rt 23. The seller notes the location may be suitable for commercial uses such as a gas station or convenience store, but any such use would require rezoning.
An additional 1-acre residential E-1 parcel is also referenced as available for an E-1 residential building, with the current property specifically described as Lot 2.
The lot is situated on the corner of Ratfield Road and Rt 23. The seller notes the location may be suitable for commercial uses such as a gas station or convenience store, but any such use would require rezoning.
An additional 1-acre residential E-1 parcel is also referenced as available for an E-1 residential building, with the current property specifically described as Lot 2.
Key Highlights
- Corner lot at Ratfield Rd and Rt 23, zoned E‑1 for residential single‑family use
- Property is subdivided with approvals already signed for residential single‑family
- Approved septic for the subdivided lot
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 60152, IL
12,382
Population
4,715
Households
2.6
Avg Household Size
42
Median Age
27%
College-Educated
94%
High-School Grad
95.4 sq mi
ZIP Area
130
Density / Sq Mi
$94,209
Median Household Income
$51,808
Median Earnings
$1,090
Median Rent
$259,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Corner lot is zoned E-1 and is subdivided with approved septic for single-family residential use.
Where is this residential land & home lot located?
The property is located at Lot 2 Ratfield Road Marengo, IL.
What is the asking price?
The asking price for this property is $40,000.
What are key features of this property?
This property features: Corner lot at Ratfield Rd and Rt 23, zoned E‑1 for residential single‑family use; Property is subdivided with approvals already signed for residential single‑family; Approved septic for the subdivided lot
