147 Ac Meadow Lake Estates
|Address:||North 30th Road Ottawa IL 61350|
|Gross Land Area:||147.89 Acres|
|+ Hectare Conversion|
|Property Type:||Semi-improved country lots and farmland|
|Possible Uses:||Residential development & Agriculture|
|Total Investment:||Owners are asking $782,604 for all 147 acres|
|+ Monetary Conversion|
|Unit Price:||$6,150 per acre for 67 acres and $9,500 per semi-finished lot (39)|
|Soil Productivity Index:||The PI index on tillable acres is 113.1|
|Utilities:||Electric & Natural gas have been installed|
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** Price Reduced **
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Property OverviewMeadow Lake Estates is a 100 lot country subdivision between Ottawa and Marseilles. 39 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 is between two exits at Ottawa and Marseilles. There are 39 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. School impact fees have been paid, site has natural gas and electric in place. .
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|Listing Name:||147 Acre Meadow Lake Estates|
|Tax ID Number/APN:||15-34-404-000
Multiple tax numbers for individual lots.
|Possible Uses:||Rural residential development with 1 acre minimum size lots|
|Zoning:||A-1 Agriculture, zoning change to Rural residential is required before building permit issued.|
Area & Location
|School District:||Rutland Grade School District #230
Ottawa High School District #140
School impact fees have been paid with a value of approximately $100,000.
|Location Description:||Located between Ottawa and Marseilles with frontage on I-80. Great visibility from the highway. Access to I-80 at Rt. 71 or County road E. 24th at Marseilles.|
|Site Description:||39 Semi-finished lots in phase I of the Meadow Lakes Estates Subdivision. Rural rolling farmland in phase II. Streets are cut, electric & natural gas 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.|
|Highway Access:||Easy access to I-80
|Road Type:||Asphalt County road|
|Property Visibility:||Excellent frontage on I-80|
|Largest Nearby Street:||Rt. 71 in Ottawa|
|Lot Frontage (Feet):||Lot vary in size, with a minimum of 1 acre in size.|
|Tillable Acres:||Approximately 102 acres are currently being farmed, which includes the 39 lots.|
|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|
|Available Utilities:||Electric lines for each lot have been installed. Owner said parcel has natural gas available.|
|Finance Data Year:||2015 Taxes paid in 2016|
|Real Estate Taxes:||39 lots are taxes at $98 each
Balance of the farm is $1,507.00
|Investment Amount:||Total investment amount is $782,604 or $9,500 per lot for 39 semi-finished lots and $6,150 per acre for 67 tillable acres in phase II.|
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