@ Exeter Turn William Latham Dr Bourbonnais, IL 60914
- Land
- 4.85 lot acres
Current Use by Public Records
- Land
Property Details for @ Exeter Turn William Latham Dr
- Lot size
- 4.85 lot acres
- Property type
- Land
Description
This exceptional 4.85-acre parcel presents a prime opportunity for multifamily development in the desirable Briarcliff Estates community of Bourbonnais, Illinois. Located in Kankakee County (APN 170919300023), this R-5 zoned land offers the potential to construct up to three separate multifamily pads, each capable of accommodating up to ten units. Priced at $299,000 ($61,649/acre), this property boasts a highly sought-after location between Route 102 and the scenic Kankakee River. Briarcliff Estates is a well-established neighborhood of approximately 800 residences, featuring rolling terrain, walking trails, and community lakes. The property's address is William Latham Dr @ Exeter Turn, Bourbonnais, IL 60914. The Briarcliff Estates Community Association (BECA) actively maintains the community's common areas, ensuring a well-managed and attractive environment for residents. This development opportunity benefits from its proximity to both a large established neighborhood and the Kankakee River, offering future residents a desirable blend of community and natural amenities. The mature trees, winding streets, and rolling landscapes of Briarcliff Estates create a unique and appealing setting within the surrounding plains. The BECA Board is committed to enhancing the community, aiming to make it the premier walking community in Kankakee County. This is a rare chance to build a significant multifamily project in a highly desirable and established location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bourbonnais
- County
- Kankakee
- State
- Illinois
- Longitude
- -87.8907
- Latitude
- 41.1541
