2 Clarendon Ct, Savoy, IL 61874
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.
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
Similar Nearby for Sale
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.