Prime Development Property

Vacant Land for Sale
Catylist Listing ID: 30287974
Property Subtypes: Hospitality, Multi-Family, Residential (Single Family), Retail, Vacation/Resort
Gross Land Area: 1,829,520 SF
Sale Price: $756,000
Unit Price: $0.41 PSF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 6/12/2018

Overview / Comments

Prime Development Opportunity in this thriving community, land is across from the critically acclaimed Prairie View Golf Course. A pre-annexation agreement and city services will be provided to the site after a PUD is approved. Current interests are for an 80 room hotel and corporate suites, a banquet and business convention center, residential gated golf community of single family homes and condominiums. Multiple investors or owners are possible to achieve the symbiotic best use of this breathtaking parcel with panoramic views of the Rock River Valley.

Additional Details

Nearest MSA: Rochelle
County: Ogle
Taxing Authority: Ogle County
Tax ID/APN: 10-05-100-006
Zoning: HOSPITALITY
Property Located Between: ILL 72 and German Church RD
Property Visibility: Excellent
Legal Description: to see provided
Largest Nearby Street: Illinois Route
Feet of Frontage: 1,375
Highway Access: 1/2 from Illinois Rte 72, and Illinois Rte2
Airports: Chicago Regional Airport at Rockford, Dixon Airport
Site Description: Rolling terrain with vistas and panoramic views. Directly across from Prairie View Golf Course and near Rock River. The perfect site for development
Area Description: Byron is a thriving rural urban setting with highly rated schools, low taxes, and bedroom community to Rockford, Illinois's second largest city. 10 minutes from an international airport and near the intermodal hub of Rochelle,IL. Infrastructure will be brought to the site when PUD is approved.
Lot Frontage: 1375
Lot Depth: 1330
Zoning Description: Currently hospitality but the city is in agreement to look at all plans for a PUD
Part of Planned Development?: Yes
Development Name: Prairie Rock Project
Topography: Rolling
Easements: Utilities
Soil Type: Mixed
Available Utilities: Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,179 12,815
Median Age: 37.61 40.7
Households: 1,936 4,745

Contact

Photograph of Listing Agent

Kitty Moring, GRI,SFR

The Moring Group, LTD
ICEx Member
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