This exceptional 130-acre agricultural parcel presents a unique development opportunity in Mokena, Illinois. Located on the north side of W. Regan Road, this property boasts significant frontage on I-80, ensuring high visibility and convenient access. The land features a diverse landscape of rolling terrain, interspersed with wooded areas and open spaces, along with a floodplain. Zoned for agriculture with development potential, this site offers immense flexibility for future projects. Its strategic location provides easy access to major transportation arteries, including I-80, I-57, I-55, and I-355, as well as the Metra station in downtown Mokena. The area benefits from highly rated Mokena schools and convenient access to local amenities such as Meijer, Berkots, and Walgreens. Further enhancing its appeal, Orland Mall, with its extensive dining and shopping options, is only 20 minutes away. Two golf courses are within a three-mile radius. The property's previous owner envisioned a development incorporating duplexes and single-family homes, showcasing the potential for a diverse and attractive residential community. The asking price is $2,535,000, translating to $19,500 per acre. The property's APN numbers are 15-08-01-304-048-0010
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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