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Key Details
Sold Price $382,140
Property Type Vacant Land
Sub Type Acreage & Farms
Listing Status Sold
Purchase Type For Sale
MLS Listing ID MAR19057876
Sold Date 11/20/20
Lot Size 21.230 Acres
Acres 21.23
Property Sub-Type Acreage & Farms
Property Description
This is a great piece of speculative development property with cash rent income. The price is very reasonable considering its location and development potential. The new roundabout just got completed, and the northeast corner of the roundabout has development plans for a convenience store/gas station. This land is adjacent to this recently annexed commercial land. Annexing it will be easy, and developing this land could be the future development area of Highland, which is conveniently close to the eastern beltline via the St. Rose Road, and across from the new Fire Department Building. Sellers had plans to develop this property, but now want to sell because they are buying another large section of land. This parcel is currently zoned agricultural, and has great development potential close to the beltline, major roads and new fire department. I can see it being developed as commercial, residential or Mixed Use.
Location
State IL
County Madison-il
Zoning Agricultural
Interior
Fireplace N
Exterior
Parking Features false
Fence None
Utilities Available Electricity Available, Phone Available, Other
Private Pool false
Building
Lot Description None
Sewer Not Connected, Other, Public Sewer
Water In-Not Connected, Other
Level or Stories None
Schools
Elementary Schools Highland Dist 5
Middle Schools Highland Dist 5
High Schools Highland
School District Highland Dist 5
Others
Ownership Private
Special Listing Condition No Exemptions, None
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Bought with Bill Rickher