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    Land

    230 Arlington Dr, Macomb, IL 61455

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    Property summary
    AI-generated overview

    This exceptional 28,000 square-foot land parcel in Macomb, Illinois's desirable Georgetown Subdivision presents a unique investment opportunity. Located on Arlington Drive, this build-ready lot offers convenient access to all utilities, including power, gas, cable, phone, city water, and Georgetown's sewage system. The property boasts a generous 280-foot width and 100-foot depth, providing ample space for various development options. Potential projects include a pair of duplex townhomes (four total units) with attached two-car garages, or a row of five townhomes with single-car garages. The parcel's rear overlooks Georgetown's picturesque 15-acre wooded common area, offering scenic views. Georgetown Subdivision residents enjoy access to a wealth of amenities, including a swimming pool, clubhouse, tennis/pickleball court, playground, dog park, and community garden. The asking price reflects a discount for builders or investors. The property is zoned R4 - Multi-Family, making it ideal for multi-unit residential development. This is a rare opportunity to acquire a prime piece of land in a thriving community. Don't miss out on this chance to build your dream project or capitalize on a strong investment.

    Property profile
    Verified
    Property type Land
    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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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