Current Use by Public Records
- Land
Property Details for 0 Of Theodore
- Property type
- Land
Description
This exceptional 20-acre parcel in Crest Hill, Illinois, presents a unique investment opportunity. Currently zoned R-1, the land was originally platted for single-family homes, offering potential for residential development. Located north of Theodore and east of Heiden, with a 60403 zip code, the property's strategic location provides convenient access to local amenities and infrastructure. While the site is situated within a floodplain and floodway, this presents a challenge for creative developers seeking a unique project. The asking price is $825,000. The property's proximity to existing single-family homes and apartments suggests potential for various development plans, subject to necessary approvals and compliance with local regulations. Detailed site analysis and feasibility studies are recommended to fully assess the development potential and address the floodplain/floodway constraints. This presents a chance to acquire a substantial land holding in a growing area, requiring a developer with vision and experience in navigating environmental considerations. Serious inquiries only.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Crest Hill
- County
- Will
- State
- Illinois
- Longitude
- -88.1156
- Latitude
- 41.5531
