Property profile

0 Otter Creek Dr Durand, IL 61024

OFF-MARKET
Land
0.37 ac lot
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Property summary

AI-generated overview

This exceptional offering presents five improved residential lots nestled in the serene Otter Creek community of Durand, Illinois. Each lot boasts 0.37 acres of land, totaling 1.85 acres in this attractive package. Situated on a peaceful cul-de-sac, these properties provide a tranquil setting while remaining conveniently close to the amenities of Rockford, Illinois. The lots are fully serviced and ready for immediate construction, eliminating the need for extensive site preparation. This represents a significant opportunity for builders or investors seeking to capitalize on the strong demand for new homes in this desirable area. The Durand School District serves the community, offering families access to quality education. The proximity to Rockford provides easy access to a wide range of conveniences, including the Chicago Rockford International Airport. Priced affordably at $50,000 for the entire package, or $10,000 per lot, this is a rare chance to acquire build-ready land at a price well below replacement cost. The property is zoned for residential use, ensuring a straightforward development process. Don't miss this chance to secure these prime lots in a sought-after location. Act quickly, as opportunities like this are seldom available. The address is Otter Creek, Durand, IL 61024, located in Winnebago County.

Property profile

Verified
Property type Land
Lot 0.37 ac (16,117 SF)

Cap rate & NOI

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

Location

Otter Creek Dr Durand, IL 61024
Durand 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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