Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    Lakeland Rd Deer Creek, IL 61550

    Sponsored
    For Sale
    $380,000

    4.75 Acres, Morton, IL - Prime Development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 4.75-acre parcel of land presents a rare development opportunity in the desirable Morton, Illinois area. Currently zoned C2, this property boasts significant potential for commercial or industrial development. The city of Morton has already approved rezoning for commercial or multi-family uses, streamlining the development process. Located on Lakeland Road, this site benefits from high traffic counts on nearby major thoroughfares: 14,800 cars per day on Morton Avenue, 4,550 on Courtland, and 4,950 on Veterans Road, ensuring excellent visibility and accessibility. Utilities are conveniently located adjacent to the property, with the City of Morton potentially assisting with utility extension. The divisible nature of this land allows for flexibility in project scope and design, catering to a range of development needs. This prime location, combined with the approved zoning and potential for utility assistance, makes this a truly exceptional investment opportunity with significant potential for land appreciation. The property is situated in Tazewell County, Illinois, with a zip code of 61550. This is a unique chance to acquire a substantial land holding in a thriving community. Don't miss this chance to capitalize on this prime development opportunity.

    Property Features for 0 Lakeland Rd

    General Information

    Property type
    Land
    Lot Size
    206,910 SF

    HighLights

    • 4.75‑acre commercial/industrial parcel in Morton, IL (61550).
    • C2 zoning with approved rezoning for commercial or multi‑family use.
    • High traffic counts on nearby major roads (Morton Ave, Courtland, Veterans Rd).
    • Utilities readily accessible, with potential city assistance for extension.
    • Divisible land allows for flexible development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Deer Creek
    County
    Tazewell
    State
    Illinois
    Longitude
    -89.473714796752
    Latitude
    40.630805925903

    Nearby Comparable

    • $6,000,000
      60.00 Acres

      Morton, IL - 60 Acres Commercial Land

      Prime 60-acre development opportunity in Morton, IL.
      0 Lakeland Rd, Morton, IL 61550
      View Details
    • $1,800,000
      3.55 Acres

      High-Profile Morton Commercial Land

      Prime Retail/Office Site, 3.55 Acres
      150 Courtland Ave, Morton, IL 61550
      View Details
    • $1,800,000
      3.55 Acres

      Morton Commercial Land For Sale

      3.55 acre commercial land with high traffic frontage.
      150 W Courtland Ave, Morton, IL 61550
      View Details
    • $299,900
      1.00 Acre

      Morton Commercial Acre - High Visibility

      Prime 1-acre commercial lot, high traffic.
      121 Ashland St, Morton, IL 61550
      View Details
    • $299,900
      1.00 Acre

      Morton, IL Commercial Land

      One-acre commercial land parcel in high-profile retail area.
      121 W Ashland St, Morton, IL 61550
      View Details
    • $299,900

      Morton, IL Commercial Land Opportunity

      Prime 1-acre commercial lot, high visibility.
      121 Ashland St, Morton, IL 61550
      View Details
    • New
      $185,000
      0.36 Acres

      Morton, IL Mixed-Use Investment

      High-visibility mixed-use property with dental office and furnished apartment.
      700 W Jefferson St, Morton, IL 61550
      View Details
    • Contact for pricing

      Morton Business Park Land for Sale

      B3 Zoned Lots, Ready to Build
      0 Main St, Morton, IL 61550
      View Details
    • $299,000
      2.38 Acres

      Morton Commercial Land Opportunity

      2.38 Acres, Prime Location, $299,000
      7 Unit, Morton, IL 61550
      View Details
    • Contact for pricing
      2.00 Acres

      Morton Industrial Land - 2 Acres

      Prime Morton, IL industrial development lot.
      866 Birchwood St, Morton, IL 61550
      View Details
    • $1,800,000
      2.64 Acres

      Thriving Fitness Business Opportunity

      Successful fitness business with excellent visibility and accessibility for sale.
      430 W Edgewood Ct, Morton, IL 61550
      View Details

    FAQs

    What type of property is this?
    Land - 4.75 Acres, Morton, IL - Prime Development
    Where is this land located?
    The property is located at Lakeland Rd Deer Creek, IL.
    What is the asking price?
    The asking price for this property is $380,000.
    What are key features of this property?
    This property features: 4.75-acre commercial/industrial parcel in Morton, IL (61550).; C2 zoning with approved rezoning for commercial or multi-family use.; High traffic counts on nearby major roads (Morton Ave, Courtland, Veterans Rd).
    Request Owner's contact information
    Lakeland Rd Deer Creek, IL 61550
    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.
    Lakeland Rd
    Deer Creek, IL 61550
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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 Deer Creek, IL 61550
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.