40 Acres Spencer Road Farm

Status:Sold
County:Will
Township:New Lenox
Address:1599-1665 S. Spencer Road New Lenox IL 60451
Gross Land Area:40 Total Acres
 + Hectare Conversion
Property Type:Vacant Farmland
Possible Uses:Agriculture, Residential, Many potential uses
Total Investment:$1,140,000
 + Monetary Conversion
Unit Price:$28,500 Per Acres
Sold Price:$1,100,000 or $27,500 per acre.
Soil Productivity Index:The PI Index for this farm 121
Buildings:None
Utilities:All utilities are near the farm
Zoning:Agriculture


For more information contact:

Mark Goodwin
1-815-741-22261-815-741-2226
mgoodwin@bigfarms.com
 

** Sold **

40 Acres Spencer Road Farm
+ View Brochure

Property Overview

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 near by. Spencer Trails Grade School campus is on the west side of Spencer road. Metra station is only 1.3 mile to the west.  Easy access to shopping, expressways and entertainment. 
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Will County Map

Property Map

Property Gallery

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Location Map of New Lenox Township 40 acres, Will Counyt   
Location Map of New Lenox Township 40 acres, Will Counyt

Plat Page of New Lenox Township, Will County   
Plat Page of New Lenox Township, Will County
Plat Map reprinted with permission of Rockford Map Publishers, Inc.

Aerial Map 2 of Spencer road 40 acres   
Aerial Map 2 of Spencer road 40 acres

Aerial Map 2 of Spencer road 40 acres   
Aerial Map 2 of Spencer road 40 acres

FSA Map of New Lenox Township 40 Acres   
FSA Map of New Lenox Township 40 Acres

Utility location Map   
Utility location Map

Soil Map for 40 Acre New Lenox Township, Will County   
Soil Map for 40 Acre New Lenox Township, Will County

Topographical Map of New Lenox Township 40 Acre   
Topographical Map of New Lenox Township 40 Acre

Flood Plan Map   
Flood Plan Map

Savvy Suburbanites Tapestry Group   
Savvy Suburbanites Tapestry Group

Soccer Moms Tapestry Group   
Soccer Moms Tapestry Group

Listing Details

 

General Information

Listing Name:40 Acre Spencer Road Farm
Tax ID Number/APN:15-18-26-300-005-0000
Possible Uses:Single Family Residential, commercial or office potential.
Zoning:Currently zoned agriculture in Will County.
Sale Terms:Cash at closing
 

Area & Location

School District:New Lenox Grade School District 122
Lincoln - Way High School District 201
Lincoln Way Central is only 2.3 miles north from this location.
Market Type:The two dominate tapestry segments are Soccer Moms & Savvy Suburbanites. A more detailed explanation is included with this brochure.
Location Description:The property is found on the south side of New Lenox, just north of Laraway road.
Site Description:Level farmland across from Spencer Trails Grade School.
Side of Street:East side of Spencer road.
Highway Access:4.41 Miles to Rt. 30 & I-80
5.7 Miles to I-355
12.15 Miles to I-57
Largest Nearby Street:Laraway road to the south and Rt. 30 to the north.
Transportation:Metra station is only 1.3 miles west of this property.
 

Land Related

Lot Frontage (Feet):Approximately 1320 feet of frontage on Spencer road.
Lot Depth:Approximately 1320 feet.
Buildings:There are no building on this farm.
Zoning Description:Property is currently zoned agriculture, but R-2 residential would be allowed by the village of New Lenox. R-2 allows for lot sizes as low as 9500 Square feet. Maximum gross density is 2 units per acre. Impact fees in New Lenox for a 4 bedroom home are approximately $16,000. Tap on fee is listed below.
Flood Plain or Wetlands:According to recent FEMA maps, approximately 2-3 acres are in a flood zone. Flood map is included with this brochure.
Topography:Level
Soil Type:Typical Will County soils, Elliott and Ashgum.
Available Utilities:Sewer is 1/4 mile south at Laraway road and Spencer. The property is part of the Laraway road trunk line with a current recapture of approximately $41,500 (4th Quarter 2015) Water is available from the west with an easement through the grade school property. Sewer and water tap on fees of $14,000 per building permit.
 

Financials

Finance Data Year:2013
Real Estate Taxes:The 2013 taxes paid in 2014 were $509.00 or $12.75 per acre.
Investment Amount:This excellent development property is priced at $1,140,000 or $28,500 per acres.
 

Location

Address:1599-1665 S. Spencer Road, New Lenox, IL 60451
County:Will



MARK GOODWIN PROFESSIONAL BIOGRAPHY

It is difficult to find a real estate professional that specializes in Illinois Land Brokerage. Our services area includes Will County, Grundy County, Kendall County, LaSalle County, Kane County, Kankakee County, Livingston County, and Ford County. Illinois Land Brokerage is a very specialized segment of the real estate brokerage industry. Knowledgeable Land Brokers are difficult to find. Many agents can sell a farm, but how many have the experience and qualifications of Goodwin and Associates?

Mark Goodwin is a Illinois Land Broker who can advise you about your land asset. It takes an experienced Illinois Land Broker to understand how best to market your land asset or find the property that best fits the investors needs or desires. Goodwin and Associates is the Land Broker for you in Illinois. We can help you with the marketing of your farm, residential development land, industrial land and commercial land or help with the selection of farmland, commercial land, retail land, industrial land, residential development land, residential lots, industrial lots and commercial lots. We are here to help you reach your goals.

Mark Goodwin Illinois Land Broker
For more information about property for sale in New Lenox, Illinois (New Lenox Township, Will County) contact:

Mark Goodwin - Illinois Land Broker
815-741-2226
mgoodwin@bigfarms.com
 

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