Property summary
This exceptional investment opportunity presents a 0.5-acre commercial land parcel in Savoy, Illinois, located at Lot 2 Clarendon Ct, 61874. Currently vacant, this property is zoned for the development of up to an eight-unit apartment building. The site boasts a prime location near major arterial roads, offering convenient access to excellent air transportation facilities. Its upscale neighborhood is surrounded by numerous shopping options, high-quality service providers, and diverse restaurants. This property is ideal for 1031 exchange buyers seeking a substantial investment in a high-growth area. The offering includes the 0.5-acre lot, with the possibility of acquiring two additional adjoining plots (sold separately or as a package). This presents a unique chance to develop a comprehensive project in a thriving community. The combined properties offer a significant amount of prime real estate in a highly desirable location. This is a rare opportunity to create a landmark investment in a flourishing district.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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