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$ 1,225,000
Est. payment | /mo
34.34 Acres Lot
$ 1,225,000
Est. payment | /mo
34.34 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 11958394
Annual Tax Amount $7,081
Tax Year 2022
Lot Size 34.340 Acres
Lot Dimensions 34.34
Property Description
Note: Dramatic price adjustment on 34 BUILDABLE ACRES worth taking a hard look for Industrial projects. DeKalb is one of the fastest growing areas in Illinois for development. This is easily evidenced by some 500 acres already being developed by Meta, Ferrara Candy Co., Target, 3M, Kraft Heinz, etc. This 34 ACRE site is located just off Peace Rd., DeKalb and offers a straight 5 minute shot directly to the I88 interchange on Peace Rd. which makes the location highly desirable for several types of endeavors. The City of DeKalb is extremely business friendly and very open to various options. The DeKalb Municipal Airport is growing and is just down the road on Pleasant St. I would note that Facebook/Meta paid $82,000 per acre and the purchase price for the 59 acres by Amazon was $101,000 per acre. That is an indication of the land value these corporations are willing to pay. The property is also immediately adjacent to an industrial area on the west side. Currently zoned Agriculture so there is no address assigned yet. It is listed as To Be Determined (TBD). Parcel No. 0824226006 is an area that is 100 x 150 on Pleasant St. for access. However, there is also an excellent access point at 730 Enterprise Ave.The investment potential is superior for several types of projects and developers. It affords an open, flat site in a business friendly community that's very hard to beat. The 2.16 Acres at 730 Enterprise is 210'x448". Parcel No. 0824201017. I was told by the City of DeKalb City Engineer that the 32 acres can be divided. However, I would request you do your due diligence on the subject. C&R's apply on 730 Enterprise. Also located in DeKalb Enterprise Zone for great tax advantages + other value. Utilities located at 730 Enterprise. Highly desireable investment opportunity.
Location
State IL
County Dekalb
Zoning AGRIC
Interior
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site, Sanitary Sewer
View Y/N true
Schools
School District 428, 428, 438
Others
Ownership Fee Simple
Special Listing Condition None
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Listed by Kathy Robertson • Kettley & Co. Inc. - Sugar Grove