Thank you
Brigette Bell
B2B Investment Properties LLC
331-642-1958
Presenting an approximately 21.22-acre vacant land parcel located at 725 University Parkway in University Park, Illinois. The village of University Park is located approximately 30 miles south of Chicago's downtown or Loop almost entirely in Will county and is one of the region's few planned communities. The subject property is well-located within the Interstate 57 major industrial corridor, connecting the community to thriving and growing industry and employers within the area including Amazon. University Park is also home to Governors State University, a 4-year residential university, and is strategically adjacent to the planned South Suburban Airport (SSA) in nearby Peotone. The subject property is currently zoned R-4 and is located adjacent to existing residential developments to the west, east and south, making this investment a great opportunity for retail use along University Parkway with the rear portions of the land set aside for multi-family, senior housing or community use. University Park's proximity to an industrial corridor coupled with its frontage and the community's desire for a difference suggests a zoning change would pave the way for an opportunity to better serve the community. Here, a new investor has the opportunity to acquire a vacant parcel in an underserved but well-located community poised for growth, allowing for multiple development strategies.
Lot Dimensions: 716X1354 APP
Lot Acres: 21.22
Lot Size: 10.0-24.99 Acres
Property Type: Land
Sub Type: Land
Original List Price: $450000
Annual Tax: $2765.22
Tax Year: 2021
Parcel Number: 2114124010070000
Electric Nearby, Gas Nearby, Sanitary Sewer, Water Nearby, Well-Community
City: University Park
Direction: University Parkway, West of South Western Avenue
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
614 Kevin Lane, University Park, IL,60484 | $5,900 | -- | -- | -- | 0.33 Acre |
484 Fairway Lane, University Park, IL,60484 | $8,500 | -- | -- | -- | -- |
834 Greenbriar Lane, University Park, IL,60484 | $200,000 | 4 | 3 | 1,700 | -- |
728 Blackhawk Drive, University Park, IL,60484 | $109,900 | 3 | 2 | 1,028 | -- |
1029 Abbot Lane, University Park, IL,60484 | $240,000 | 3 | 2 | 1,690 | -- |
822 Sandra Drive #2F, University Park, IL,60484 | $80,000 | 2 | 2 | 1,035 | -- |
663 Sullivan Lane, University Park, IL,60484 | $169,900 | 3 | 2 | 2,875 | -- |
624 Farm View Road, University Park, IL,60484 | $249,900 | 3 | 2 | 1,704 | -- |
455 Doral Terrace, University Park, IL,60484 | $164,900 | 3 | 2 | 1,200 | -- |
917 Cordoba Court, University Park, IL,60484 | $149,500 | 3 | 2 | 1,715 | -- |
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Based on information submitted to the MLS GRID as of 04/29/2024 @ 06:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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ByOwner last updated this listing 04/29/2024 @ 06:20
MLS: MRED #11470003
LISTED BY: Brigette Bell, B2B Investment Properties LLC
SOURCE: Midwest Real Estate Data LLC (MRED)
Buyer Agency Compensation: 4%-$300
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.