Madison Ave & Hedge Rd Roxana, IL 62084
- Land
- 35.80 lot acres
Current Use by Public Records
- Land
Property Details for 0 Madison Ave & Hedge Rd
- Lot size
- 35.80 lot acres
- Property type
- Land
Description
This exceptional 35.8-acre commercial land parcel is strategically located in Roxana, Illinois, at the intersection of Madison Avenue and Hedge Road (APN: 18-1-14-01-00-000-007 / 18-1-14-01-00-000-007.001), offering significant development potential. The property is zoned for agricultural use, presenting a unique opportunity for various commercial ventures. The asking price is $1,432,000, translating to a competitive $40,000 per acre. Existing utilities include water, electricity, and natural gas; however, sewer extension will be required. The property's location near Route 255 provides convenient access and high visibility. Furthermore, there's a possibility of extending the enterprise zone to encompass this land, subject to city approval. Interested parties should contact the city of Roxana to discuss enterprise zone extension eligibility. This expansive tract presents a rare chance to acquire a substantial land holding in a desirable location with potential for significant return on investment. The property's size and location make it ideal for a variety of commercial uses, pending necessary approvals and permits.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Roxana
- County
- Madison
- State
- Illinois
- Longitude
- -90.0482
- Latitude
- 38.8333
