Fox Holw Dr Lockport, IL 60441
- Land
- 180.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Fox Holw Dr
- Lot size
- 180.00 lot acres
- Property type
- Land
Description
This exceptional 180-acre parcel, situated in Lockport, Illinois, presents a unique opportunity for large-scale residential development. Located on the northwest corner of S. Farrel and W. Oak Ave, the property is zoned C2, O2, R1, R2, and R3, offering considerable flexibility for various residential projects. A concept plan has already been approved, outlining a mixed-use development incorporating commercial, multifamily, and single-family residential components. The plan includes a 1.77-acre site at the southeast corner of Fox Hollow Drive and South Briggs Street designated for commercial development. The remaining acreage is divided into four proposed units for multifamily, townhome, and single-family home construction. Community amenities are also envisioned, including a clubhouse, dog park, public park, multiple playgrounds, and a community pool. The property boasts high visibility, with an estimated 7,900 vehicles per day traveling on Briggs Street. Engineering estimates for land development costs are readily available. This is an exceptional opportunity to acquire a substantial tract of land with an approved concept plan, poised for significant development and substantial return on investment. The asking price for this expansive property is $16,590,000. The address is West Fox Hollow Drive, Lockport, IL 60441, in Will County.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lockport
- County
- Will
- State
- Illinois
- Longitude
- -88.042
- Latitude
- 41.5611
