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    OFF-MARKET
    Land

    150 Carriage Hl, Macomb, IL 61455

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    Property summary
    AI-generated overview

    This exceptional 21,500 square foot residential land parcel presents a unique investment opportunity in the desirable Georgetown Subdivision of Macomb, Illinois. Located at 150 Carriage Hill, this property boasts a prime location and is zoned R4 Multiple Family, allowing for versatile development options. The lot measures 215 feet wide by 100 feet deep, providing ample space for a variety of residential projects. Potential development scenarios include a row of seven townhomes with front parking or a pair of duplex townhomes (four total units) featuring attached two-car garages. All utilities are readily available, including power, gas, cable, phone, city water, and access to Georgetown's sewage system. The subdivision offers an array of amenities for residents, such as a swimming pool, clubhouse, tennis/pickleball court, playground, dog park, community garden, and common lands. The property enjoys a scenic rear view overlooking a tree-lined stream. The asking price reflects a discount for builders or investors. This is a rare opportunity to acquire a well-situated, buildable lot in a thriving community. The property is located in Macomb, IL, zip code 61455.

    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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    Owner & transaction history
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    Zoning & alternative use
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    Permitted uses
    Allowed · conditional · prohibited
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