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    Meader Rd Homer Glen, IL 60491

    Sponsored
    For Sale
    $2,220,000

    Prime 40-acre commercial lot, AG1 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 40-acre parcel of land presents a unique investment opportunity in the desirable Homer Glen area of Will County, Illinois. Located on a tranquil country road, this property offers a blend of seclusion and accessibility, situated just outside of New Lenox and Mokena. The AG1 zoning allows for a variety of development possibilities, making it ideal for a custom home, horse ranch, luxury subdivision, or any business requiring this specific zoning classification. Imagine the potential for creating a stunning custom estate, a thriving equestrian center, or a carefully planned residential community. The property's expansive size provides ample space for ambitious projects. Its convenient location offers easy access to essential amenities, including nearby hospitals and shopping centers, while still maintaining a peaceful, private atmosphere. The proximity to I-355 ensures excellent connectivity to major transportation routes. This is a rare chance to acquire a significant land holding with considerable development potential in a highly sought-after location. The asking price is $2,220,000. The property's address is 0 S Meader Rd, Homer Glen, IL 60491.

    Property Features for 0 Meader Rd

    General Information

    Property type
    Land
    Lot Size
    1,742,400 SF

    HighLights

    • $2,220,000 asking price.
    • 40‑acre commercial land parcel.
    • AG1 zoning.
    • Located in unincorporated Homer Glen, IL, near New Lenox and Mokena, minutes from I‑355.
    • Suitable for various uses including residential development, equestrian facilities, or businesses requiring AG1 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Homer Glen
    County
    Will
    State
    Illinois
    Longitude
    -87.9578023
    Latitude
    41.5631225

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    FAQs

    What type of property is this?
    Land - Prime 40-acre commercial lot, AG1 zoning.
    Where is this land located?
    The property is located at Meader Rd Homer Glen, IL.
    What is the asking price?
    The asking price for this property is $2,220,000.
    What are key features of this property?
    This property features: $2,220,000 asking price.; 40-acre commercial land parcel.; AG1 zoning.
    (708) 301-4700
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    Meader Rd Homer Glen, IL 60491
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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
    Meader Rd Homer Glen, IL 60491
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