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    OFF-MARKET
    Land

    0 Sec Stearns Rd & Mclean Blvd, South Elgin, IL 60175

    57 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 57-acre parcel is situated at the highly desirable southeast corner of Stearns Road and McLean Boulevard in South Elgin, Illinois, zip code 60175. This greenfield site offers unparalleled development potential, boasting two traffic signals for optimal visibility and accessibility. The property is zoned for both commercial and industrial uses, making it suitable for a wide range of projects, from build-to-suit developments to outright land purchases. Utilities are readily available, with water and sewer services nearby, expediting the development process. Located in Kane County, this property benefits from low taxes, making it an attractive investment opportunity. Its strategic location provides convenient access to a variety of amenities and a substantial labor pool, ensuring a strong foundation for future business success. This significant land holding presents a rare opportunity to establish a presence in a thriving South Elgin market. The property's size and location make it ideal for large-scale commercial or industrial development. Don't miss this chance to acquire a substantial piece of land in a highly sought-after area.

    Property profile
    Verified
    Property type Land
    Lot 57 ac (2,482,920 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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