Lakeland Rd Morton, IL 61550
- Land
- 60.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Lakeland Rd
- Lot size
- 60.00 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Morton
- County
- Tazewell
- State
- Illinois
- Longitude
- -89.4714
- Latitude
- 40.6309
