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    Lakeland Rd Morton, IL 61550

    Sponsored
    For Sale
    $6,000,000

    Prime 60-acre development opportunity in Morton, IL.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 60-acre parcel of land presents a rare build-to-suit opportunity in the thriving community of Morton, Illinois. Currently zoned C2, this property offers significant potential for commercial or industrial development. Located on W Lakeland Rd, with easy access to major roadways, this site boasts high visibility and convenient access for businesses. The property's strategic location benefits from significant daily traffic counts on nearby Morton Ave (14,800 CPD), Courtland (4,550 CPD), and Veterans Rd (4,950 CPD), ensuring high exposure for any future development. The expansive lot size provides ample space for a variety of projects, from large-scale industrial facilities to expansive commercial complexes. While currently zoned as commercial farmland, there is potential for rezoning with municipal approvals, further enhancing its development possibilities. This prime location offers incredible land appreciation potential, making it an attractive investment for discerning buyers seeking a high-return opportunity in a desirable market. The asking price for this exceptional property is $6,000,000. The property is situated in Tazewell County, Illinois, with a Morton, IL 61550 zip code.

    Property Features for 0 Lakeland Rd

    General Information

    Property type
    Land
    Lot Size
    2,613,600 SF

    HighLights

    • 60‑acre build‑to‑suit opportunity in Morton, IL.
    • C2 zoning allows for commercial or industrial development.
    • High‑visibility location on W Lakeland Rd with easy access to major roadways.
    • High traffic counts on nearby roads (Morton Ave: 14,800 CPD, Courtland: 4,550 CPD, Veterans Rd: 4,950 CPD).
    • Ample space for large‑scale projects.
    • Potential for rezoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Morton
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.4714137
    Latitude
    40.6308518

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    FAQs

    What type of property is this?
    Land - Prime 60-acre development opportunity in Morton, IL.
    Where is this land located?
    The property is located at Lakeland Rd Morton, IL.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: 60-acre build-to-suit opportunity in Morton, IL.; C2 zoning allows for commercial or industrial development.; High-visibility location on W Lakeland Rd with easy access to major roadways.
    Request Owner's contact information
    Lakeland Rd Morton, IL 61550
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    Morton, IL 61550
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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
    Lakeland Rd Morton, IL 61550
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