14025 Il-72 Genoa, IL 60135
- Land
- 34.00 lot acres
Current Use by Public Records
- Land
Property Details for 14025 Il-72
- Lot size
- 34.00 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 34-acre property in Genoa, Illinois, presents a remarkable high-density residential development opportunity. Strategically located on State Highway 72, this Class A land boasts excellent visibility and accessibility, with a 2019 IDOT traffic count of 8,100 vehicles daily. Its prime location is adjacent to both commercial and residential areas, ensuring a thriving community setting. The property's Future Land Use Map designates it for high-density residential development, simplifying the approval process. Convenient access to I-90 via State Highway 23 interchange further enhances its appeal. The property benefits from existing city water and sanitary sewer lines at its edge, minimizing infrastructure costs. Included in the sale are existing buildings and a home situated on the land. The land itself is currently used for agriculture, featuring Class A soils (Danabrook, Elpaso, and Barony) with a Productivity Index of 137. The property's APN is 03-20-326-001 and 03-20-326-010. The Canadian Pacific Railway runs along the northern boundary. This is a rare opportunity to acquire a substantial parcel of land with significant development potential in a rapidly growing area. The asking price is $1,500,000. The property is offered fee simple.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Genoa
- County
- DeKalb
- State
- Illinois
- Longitude
- -88.6801
- Latitude
- 42.0963
