0 Berta Rd Braceville, IL 60416
This exceptional 110-acre development site presents a unique opportunity in Grundy County, Illinois, specifically in the town of Diamond. Located at S Berta Rd, 60416, this property boasts a prime location with easy access to I-55 via two convenient routes (Rt. 113 or Reed Road to the south). The site is zoned R-1, R-3, and B-1, allowing for diverse development options. A previous site plan, now expired, envisioned 108 duplex units, 180 single-family lots, and 3.97 acres dedicated to commercial use. While the existing plan calls for 12,000 square foot lots, adjustments to accommodate smaller lots are feasible. Utilities are readily available on-site, eliminating recapture fees. The property includes a previously donated bike path along its eastern border, adding to its appeal. Given the current low inventory of residential lots in Diamond and Coal City, this presents a timely and potentially lucrative investment. The APN numbers for this property are 09-01-101-022 and 09-01-151-002. This substantial land parcel offers significant potential for a developer seeking to capitalize on the strong demand for housing in this area. The asking price for this remarkable opportunity is $4,791,600.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.