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    Land

    0 Il-47, La Fox, IL 60147

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    AI-generated overview

    This exceptional 18-acre parcel presents a unique investment opportunity in Elburn, Illinois. Situated at the northeast corner of Route 47 and Hughes Road, this property is ideally positioned within Elburn's designated Primary Expansion Area, as detailed in the latest Comprehensive Land Use Plan. The site boasts excellent visibility and is surrounded by a mix of established developments and future growth potential. To the south lies the new St. Gall Church, while residential homes and a portion of Blackberry Creek are located to the east. Undeveloped land is to the west, and a Napa Auto Parts store is to the north, with Elburn's town center easily accessible beyond Keslinger Road's signalized intersection. A water main runs along the west side of Route 47, extending south for several hundred feet. The presence of sanitary sewer lines within the right-of-way of Republic Avenue, adjacent to the property's eastern boundary, offers further utility advantages. Currently, the land is subject to a year-to-year agricultural lease. The property's zoning is classified as "F," allowing for a variety of development possibilities. The APN is 1108101007. This property is offered at $1,400,000. Further details regarding utility access and development scenarios are available upon request. This is a rare chance to acquire a significant parcel in a rapidly growing area.

    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
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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