147 Ac Meadow Lake Estates

Vacant Land for Sale
Catylist Listing ID: 29983660
Property Subtypes: Agricultural, Residential (Single Family)
Gross Land Area: 147.89 Acres
Sale Price: $782,604
Unit Price: $5,291 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/6/2017

Overview / Comments

Meadow Lake Estates is a 100 lot country subdivision between Ottawa and Marseilles. 40 Semi-finished lots with only asphalt road needed for completion. Lots are currently being farmed to maintain low real-estate taxes. Minimum lot size is one acre. It boasts frontage on Interstate I-80 and between two exits at Ottawa and Marseilles. There are 40 Semi-finished lots in phase I, one home has been built. 90.36 acres left for phase II including the detention ponds, approximately 67 tillable acres in phase II.

Attachments & Media

Additional Details

Nearest MSA: Ottawa-Peru
County: La Salle
Zoning: A-1 AGRICULTURE, ZONING CHANGE TO RURAL RESIDENTIAL IS REQUIRED BEFORE BUILDING PERMIT ISSUED.
Property Located Between: Located between Ottawa and Marseilles with frontage on I-80.
Property Visibility: Excellent
Largest Nearby Street: Rt. 71 in Ottawa
Highway Access: Easy access to I-80
Site Description: 40 Semi-finished lots in phase I of the Meadow Lakes Estates Subdivision. Rural rolling farmland in phase II. Streets are cut, electric utilities are installed, detention ponds are completed. Asphalt roads need to be completed before any additional building permits will be issued. Approximately 102 acres are currently being farmed.
Area Description: Lot Frontage (Feet): Lot vary in size, with a minimum of 1 acre in size. Tillable Acres: Approximately 102 acres are currently being farmed. Zoning Description: Current zoning is still A-1 Agriculture by the County of LaSalle. The parcel will need a zoning change and streets installed before any additional building permit will be issued. Flood Plain or Wetlands: Detention is installed for the entire 100 lot subdivision Topography: Gently rolling Available Utilities: Electric lines for each lot have been installed
Zoning Description: A-1 Agriculture, zoning change to Rural residential is required before building permit issued.
Development Name: 147 Ac Meadow Lake Estates
Topography: Gently Sloping
Available Utilities: Electric

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 12,641 23,856
Median Age: 40.92 41.42
Households: 5,343 9,849
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