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Property profile & analytics
OFF-MARKET
Land

0 Lakeland Rd Deer Creek, IL 61550

4.75 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 4.75-acre parcel of land presents a rare development opportunity in the desirable Morton, Illinois area. Currently zoned C2, this property boasts significant potential for commercial or industrial development. The city of Morton has already approved rezoning for commercial or multi-family uses, streamlining the development process. Located on Lakeland Road, this site benefits from high traffic counts on nearby major thoroughfares: 14,800 cars per day on Morton Avenue, 4,550 on Courtland, and 4,950 on Veterans Road, ensuring excellent visibility and accessibility. Utilities are conveniently located adjacent to the property, with the City of Morton potentially assisting with utility extension. The divisible nature of this land allows for flexibility in project scope and design, catering to a range of development needs. This prime location, combined with the approved zoning and potential for utility assistance, makes this a truly exceptional investment opportunity with significant potential for land appreciation. The property is situated in Tazewell County, Illinois, with a zip code of 61550. This is a unique chance to acquire a substantial land holding in a thriving community. Don't miss this chance to capitalize on this prime development opportunity.

Property profile
Verified
Property type Land
Lot 4.75 ac (206,910 SF)
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
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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