704 Windsor Rd, Urbana, IL 61801
This exceptional 4.01-acre parcel, located at 704 E Windsor Rd in Urbana, Illinois (APN 93-21-21-357-024), presents a remarkable opportunity for residential development. Zoned R3, this property allows for a variety of construction options, including single-family homes, zero-lot-line homes, condominiums, and planned unit developments (PUDs). Its enviable location offers unparalleled convenience, situated directly across from Meadowbrook Park and within easy walking distance of a major grocery store. Nearby schools of all levels further enhance its appeal. The property's potential is amplified by pre-approved city plans for a PUD development, encompassing six buildings featuring a mix of townhome and villa-style units. These plans, available for review, provide a solid foundation for immediate development or serve as a valuable blueprint for future projects. The asking price is $450,000. This is a rare chance to acquire a substantial, well-situated lot in a thriving Illinois community. Don't miss this chance to build your vision in a highly desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.