110 Acre Diamond Residential Development Site

Vacant Land for Sale
Catylist Listing ID: 30457177
Property Subtypes: Agricultural
Gross Land Area: 110 Acres
Sale Price: $1,879,381
Unit Price: $17,085 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/16/2019

Overview / Comments

110 total acres make up Prairie Lake Estates in Diamond, Illinois. The site is platted for 108 units of Duplex homes, 180 single family lots and 3.97 acres of commercial. Utilities are at the site, no recapture fees. Diamond and Coal City are running low on residential lot inventory. Site plan calls for 12,000 SF lots, but could be amended to smaller lots. Current site plan has expired. Bike path has been previously donated to the village of Diamond along the angling eastern boarder of the property. Easy access to I-55 at two locations, Rt. 113 or Reed road to the south.

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Cook
Tax ID/APN: 0902276024
Zoning: B-1, R-3, R-1
Largest Nearby Street: Approximately 2 miles to Interstate 55 at Rt. 113 or I-55 at R
Feet of Frontage: 2,223
Highway Access: Approximately 2 miles to Interstate 55 at Rt. 113 or I-55 at Reed road.
Site Description: The parcel is currently being farmed. This is flat agricultural land with road frontage on Berta road and Rt. 113.
Area Description: Only minutes away from I-55 and Rt. 113 intersection. Diamond is a small town between Coal City, Braidwood and Wilmington. Diamond straddles between Grundy and Will Counties of Illinois.
Lot Frontage: There is an access point of approximately 44 feet on Rt. 113 for the commercial development. 330 feet of commercial frontage on
Zoning Description: R-1 is single family lots R-3 is duplex lots B-1 Business-Commercial.
Topography: Level
Soil Type: Loam

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,306 14,386 18,605
Median Age: 36.11 36.04 37.63
Households: 1,366 5,366 7,084
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