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Property profile

0 Parklake Dr Morris, IL 60450

OFF-MARKET
Land
12.47 ac lot
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Property summary

AI-generated overview

This exceptional offering presents a unique opportunity to acquire three residential land parcels totaling 12.47 acres within the desirable Parklake Village Subdivision in Morris, Illinois. These parcels, identified by APN numbers 02-33-408-002, 02-33-425-002, and 02-33-425-001, are zoned R-1, allowing for a variety of residential development options. Individual lot sizes range from approximately 0.97 to 9.34 acres, providing flexibility for both single-family homes and potentially larger-scale residential projects. The property is conveniently located on Parklake Drive, in Grundy County, with a 60450 zip code. The assemblage offers a compelling investment opportunity due to its park-like setting, featuring mature trees, and its proximity to a rapidly expanding commercial area situated conveniently off Interstate 80. All utilities are readily available at the site, simplifying the development process. This is an ideal opportunity for builders, developers, or investors seeking to capitalize on the growth potential of this attractive Morris, Illinois location. The parcels are available for purchase individually or as a combined assemblage, providing options to suit various investment strategies and development plans. The asking price for the entire assemblage is $798,000.

Property profile

Verified
Property type Land
Lot 12.47 ac (543,193 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Parklake Dr Morris, IL 60450
Morris metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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