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    OFF-MARKET
    Land

    2 Clarendon Ct, Savoy, IL 61874

    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Land
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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