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    On Rte 71 Yorkville, IL 60560

    Sponsored
    For Sale
    $8,904,000

    Prime Oswego Land - Residential Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 212-acre commercial land parcel presents a remarkable investment opportunity in the thriving Oswego, Illinois market. The property, identified by APN numbers 02-26-200-028, 02-25-100-004, 02-25-300-007, 02-25-351-002, and 02-26-476-002, is strategically located on Route 71, boasting high visibility with an impressive 11,500 vehicles per day (VPD) exposure. This expansive site is comprised of five contiguous parcels, offering significant development potential. The property is zoned R-2 PUD, making it ideally suited for residential development projects. Furthermore, existing utilities are already in place, streamlining the development process and reducing upfront costs. The asking price for this substantial land holding is $8,904,000. Given its size, location, zoning, and utility access, this property represents a rare opportunity to acquire a large-scale development site in a rapidly growing area. The convenient location on Route 71 ensures excellent accessibility and visibility, making it an attractive proposition for residential developers seeking a prime location in the desirable Oswego, Illinois market. This is a truly exceptional opportunity to capitalize on the strong demand for residential properties in this area.

    Property Features for 0 On Rte 71

    General Information

    Property type
    Land
    Lot Size
    9,234,720 SF

    HighLights

    • 212‑acre commercial land parcel in Oswego, IL, APNs 02‑26‑200‑028, 02‑25‑100‑004, 02‑25‑300‑007, 02‑25‑351‑002, and 02‑26‑476‑002.
    • Approved for residential development.
    • Utilities on‑site.
    • High‑traffic location on Route 71 with 11,500 VPD.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Yorkville
    County
    Illinois
    State
    Illinois
    Longitude
    -88.3897697
    Latitude
    41.6566167

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    FAQs

    What type of property is this?
    Land - Prime Oswego Land - Residential Development Ready
    Where is this land located?
    The property is located at On Rte 71 Yorkville, IL.
    What is the asking price?
    The asking price for this property is $8,904,000.
    What are key features of this property?
    This property features: 212-acre commercial land parcel in Oswego, IL, APNs 02-26-200-028, 02-25-100-004, 02-25-300-007, 02-25-351-002, and 02-26-476-002.; Approved for residential development.; Utilities on-site.
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    On Rte 71 Yorkville, IL 60560
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    Realmo Value Estimation

    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.

    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.

    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
    On Rte 71 Yorkville, IL 60560
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