Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Agricultural Land Parcel For Sale Title is generated by Realmo AI

    6115 Rt. 34, Oswego, IL 60543

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $595,000

    15-acre agricultural land parcel ideal for future residential development.

    Type:Land or Vacant Lot
    Lot size:
    15.00 Acres
    Added:
    Aug 5, 2025
    Days on Market:
    291
    Last Refresh:
    Apr 5 at 8:38 pm

    Property Features for 6115 Rt. 34

    General Information

    Standard status
    Active
    Lot size
    15.00 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    SUSAN MUNSON

    Listing agent SUSAN MUNSON License #471001731

    Listing office LEGACY REAL ESTATE

    Listing date Aug 5, 2025

    Source Corcoran

    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 LEGACY REAL ESTATE

    HighLights

    • Approximately 15 acres of Ag zoned land.
    • Potential for future residential development (subject to County/Village approval).
    • Majority (3/4) of the acreage is enclosed by a 5‑rail pressure‑treated wood fence.
    • Accessible via Clark Avenue (not Rt. 34).
    • Real estate taxes expected to be lower for the vacant 15 acres.
    • Acreage amount subject to Registered Boundary Survey.

    Overview

    This agricultural zoned parcel is approximately 15 acres, depending on the to-be-completed Registered Boundary Survey, showing the northern acreage after it has been split off from the farm site. The homestead fronting on Rt. 34, together with existing horse barns and southernmost horse paddocks, will be retained by the current owner and are not included in this transaction. The property is only accessible with the listing agent accompanying qualified purchasers via Clark Avenue and cannot be accessed from Rt. 34. Approximately three-quarters of the 15 acres is enclosed via a 5-rail 2 x 6" pressure-treated wood rail fence. The property is located in Oswego, IL. The real estate taxes are for the entire farmstead; taxes for the vacant 15 acres will be lower. The property is ideal for a buyer to approach the County of Kendall or Village of Oswego about future residential development.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Oswego
    County
    Kendall
    State
    Illinois
    Longitude
    -88.316
    Latitude
    41.6565

    Nearby Similar for Sale

    • $400,000

      Oswego Commercial Land Available

      One acre commercial land for sale in Oswego, Illinois.
      99 W Merchants Drive, Oswego, IL 60543
      View Details
    • $1,650,000
      4,904 SF

      Automotive Service Hub on Merchants

      High-traffic auto repair and oil lube center for sale.
      18 W Merchants Drive, Oswego, IL 60543
      View Details
    • $1,300,000

      Oswego Commercial Land For Sale

      Commercial land available in Oswego, Illinois.
      11 S Madison Street, Oswego, IL 60543
      View Details
    • $2,150,000

      Rare Riverfront Commercial Property

      14.5-acre property with private lake and 700' river frontage.
      1626 State Route 31, Oswego, IL 60543
      View Details
    • $99,000

      Residential Land in Oswego, IL

      Residential land available in Oswego, Illinois.
      17 E Lyncliff Drive, Oswego, IL 60543
      View Details
    • $1,299,000

      Oswego Commercial Lots For Sale

      Two commercial lots totaling 0.77 acres in Oswego, Illinois.
      270-280 E Washington St, Oswego, IL 60543
      View Details
    • $5,349,000
      19,110 SF

      Modern Leased Investment Property

      Modern, 100% leased, multi-tenant investment property in downtown Oswego.
      113 Main St, Oswego, IL 60543
      View Details
    • $75,000

      Wooded Lot in Grove Estates

      Exclusive wooded lot for custom home in Oswego, Illinois.
      7370 Roberts Drive lot: 48, Oswego, IL 60543
      View Details
    • $75,000

      Residential Land in Grove Estates

      Exclusive wooded lot for dream home in Oswego, Illinois.
      7256 Roberts Drive lot: 47, Oswego, IL 60543
      View Details
    • $159,000

      Fox Riverfront Land Opportunity

      0.68 acre lot with 225 feet of river frontage.
      123 W Benton Street, Oswego, IL 60543
      View Details
    • $1,595,000

      Commercial Land in Downtown Oswego

      5.43 acre commercial land parcel in Oswego, Illinois.
      5.43 B-3 Commercial Acres State Route 31, Oswego, IL 60543
      View Details
    • $1,250,000

      Retail Site on Wolf's Crossing

      Retail site suitable for gas station, car wash, or development.
      10140 S Eola Rd, Oswego, IL 60543
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 15-acre agricultural land parcel ideal for future residential development.
    Where is this agricultural land / farmland located?
    The property is located at 6115 Rt. 34 Oswego, IL.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Approximately 15 acres of Ag zoned land.; Potential for future residential development (subject to County/Village approval).; Majority (3/4) of the acreage is enclosed by a 5‑rail pressure‑treated wood fence.
    (630) 553-9750
    We can help!
    Listing Contact
    SUSAN MUNSON
    Real Estate License ID: 471001731
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6115 Rt. 34, Oswego, IL 60543
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!