0 Lakeland Rd Deer Creek, IL 61550
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.
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
Similar Nearby for Lease
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.