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    Berta Rd Braceville, IL 60416

    Sponsored
    For Sale
    $4,791,600

    110 Acres, High Development Potential in Illinois

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 110-acre development site presents a unique opportunity in Grundy County, Illinois, specifically in the town of Diamond. Located at S Berta Rd, 60416, this property boasts a prime location with easy access to I-55 via two convenient routes (Rt. 113 or Reed Road to the south). The site is zoned R-1, R-3, and B-1, allowing for diverse development options. A previous site plan, now expired, envisioned 108 duplex units, 180 single-family lots, and 3.97 acres dedicated to commercial use. While the existing plan calls for 12,000 square foot lots, adjustments to accommodate smaller lots are feasible. Utilities are readily available on-site, eliminating recapture fees. The property includes a previously donated bike path along its eastern border, adding to its appeal. Given the current low inventory of residential lots in Diamond and Coal City, this presents a timely and potentially lucrative investment. The APN numbers for this property are 09-01-101-022 and 09-01-151-002. This substantial land parcel offers significant potential for a developer seeking to capitalize on the strong demand for housing in this area. The asking price for this remarkable opportunity is $4,791,600.

    Property Features for 0 Berta Rd

    General Information

    Property type
    Land
    Lot Size
    4,791,600 SF

    HighLights

    • 110‑acre development site in Diamond, IL (60416), located on S Berta Rd.
    • Easy I‑55 access via Rt. 113 or Reed Road.
    • Zoned R‑1, R‑3, & B‑1, allowing diverse development options.
    • Previous (expired) site plan included 108 duplex units, 180 single‑family lots, and 3.97 acres of commercial space.
    • Utilities available on‑site; APN: 09‑01‑101‑022 & 09‑01‑151‑002.
    • Asking price: $4,791,600.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Braceville
    County
    Grundy
    State
    Illinois
    Longitude
    -88.2656
    Latitude
    41.2873

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    FAQs

    What type of property is this?
    Land - 110 Acres, High Development Potential in Illinois
    Where is this land located?
    The property is located at Berta Rd Braceville, IL.
    What is the asking price?
    The asking price for this property is $4,791,600.
    What are key features of this property?
    This property features: 110-acre development site in Diamond, IL (60416), located on S Berta Rd.; Easy I-55 access via Rt. 113 or Reed Road.; Zoned R-1, R-3, & B-1, allowing diverse development options.
    (815) 741-2226
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    Berta Rd Braceville, IL 60416
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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
    Berta Rd Braceville, IL 60416
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