40 Acres Spencer Road

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 29919483
Property Subtypes: Agricultural, Residential (Single Family)
Status: Pending
Gross Land Area: 40 Acres
Sale Price: $1,140,000
Unit Price: $28,500 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/13/2017

Overview / Comments

This is a great short term or long term investment opportunity. Laraway road is one of the more active corridors in the Chicago region for single family residential construction. Nice square 40 acre parcel on Spencer Road in New Lenox. Just north of Laraway Road. Potential for residential development. Utilities are nearby. Spencer Trails Grade School campus is on the west side of Spencer Road. Metra station is only 1.3 miles to the west. Easy access to shopping, expressways, and entertainment.

Attachments & Media

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Will
Largest Nearby Street: Laraway Road and Route 30 to the north
Feet of Frontage: 1,320
Highway Access: 4.41 miles to Route 30 to the north 5.7 miles to I-55 12.5 miles to I-57
Site Description: Level farmland across from Spencer Trails Grade school.
Area Description: Please visit www.bigfarms.com for more detailed information.
Lot Frontage: 1320
Lot Depth: 1320
Zoning Description: Agriculture
Topography: Level
Easements: Utilities
Available Utilities: Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,212 41,915 82,628
Median Age: 36.76 37.99 38.81
Households: 2,006 13,752 28,023
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