• 725 University Parkway University Park, IL 60484

  • $450,000
  • 0
    Sq Ft
  • 21.22
    Acres
  • Listed By: B2B Investment Properties LLC
  • Source: Midwest Real Estate Data LLC (MRED)

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.

Property Type :

Land

County :

Will

Style :

Land

Property Details

 

Lot Information

Lot Dimensions: 716X1354 APP

Lot Acres: 21.22

Lot Size: 10.0-24.99 Acres

Property Information

Property Type: Land

Sub Type: Land

Listing Price Information

Original List Price: $450000

Tax Information

Annual Tax: $2765.22

Tax Year: 2021

Parcel Number: 2114124010070000

Utility Information

Electric Nearby, Gas Nearby, Sanitary Sewer, Water Nearby, Well-Community

Location Information

City: University Park

Direction: University Parkway, West of South Western Avenue

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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.

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