30 Ac Lockport Multi-Family Site

Status:Active
County:Will
Township:Lockport Township, Will County
Address:2615 S. Farrell Rd Lockport IL 60441
Gross Land Area:30 Acres
 Hectare Conversion
Property Type:Vacant farmland with Development Potential
Possible Uses:Multi-Family or Apartments
Total Investment:$2,000,000
 Monetary Conversion
Unit Price:$7,575 per proposed apartment unit
Buildings:No Buildings
Utilities:Utilities are near the site
Zoning:R-2 / PUD


For more information contact:

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

Goodwin & Associates Real Estate, LLC
is an AGENT of the SELLERS.

 

** New Listing **

30 Ac Lockport Multi-Family Site
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Property Overview

The 30 acre parcel was proposed to Lockport as a 264 unit apartment complex. The project was called Vital at Lockport, and proposed as a luxury apartment community. Vital was designed to fill an immediate need for market rate rental housing. Lockport is ready to help the new owner finalize this project. Owner would consider some level of participation in the project.
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Will County Map

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Property Gallery

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Location Map of Lockport Mult-Family Site   
Location Map of Lockport Mult-Family Site

Aerial Map of Lockport Multi-Family Location   
Aerial Map of Lockport Multi-Family Location

Aerial Map of the Proposed Apartment Site   
Aerial Map of the Proposed Apartment Site

Lockport proposed Apartment PUD   
Lockport proposed Apartment PUD

PUD for a proposed Apartment complex   
PUD for a proposed Apartment complex

Plat Map of 30 Acres Section 25   
Plat Map of 30 Acres Section 25
Plat Map reprinted with permission of Rockford Map Publishers, Inc.

1-3-5 Mile Map for Lockport 30 Acre Site   
1-3-5 Mile Map for Lockport 30 Acre Site

Tapestry Profile for Lockport 30 Acre Apartment site - one mile radius   
Tapestry Profile for Lockport 30 Acre Apartment site - one mile radius

Tapestry Profile for Lockport 30 Acre Apartment site - three mile radius   
Tapestry Profile for Lockport 30 Acre Apartment site - three mile radius

Tapestry Profile for Lockport 30 Acre Apartment site - five mile radius   
Tapestry Profile for Lockport 30 Acre Apartment site - five mile radius

30 Acre Survey   
30 Acre Survey

Listing Details

 

General Information

Listing Name:30 Acres Lockport Mult-Family Site
Tax ID Number/APN:11-04-25-200-021 (10 acres)
11-04-25-400-002 (20 acres)
Possible Uses:Potential apartment complex with 264 units. Site plan for twelve 22 unit buildings has been presented to the village of Lockport.
Zoning:Current zoning is R-2 / PUD. The zoning would need a change to a PUD Multi-Family Residential.
Sale Terms:Seller is interested in a small level of participation. It is not a contingency to a sale.
 

Area & Location

School District:Fairmont Grade School District 89
Lockport Township School District 205
Market Type:Primary Tapestry Segments are: Up and Coming Families (42%), Boomburbs (28%), Midlife Constants (22.5%)
Location Description:Great location on Farrell Rd just south of Division Street in Lockport. Golf course at Broken Arrow across the street. High School is less than one mile north. 2.2 miles to the 159th and I-355 access.
Site Description:Level farmland
Side of Street:West side of Farrell Road.
Highway Access:2.3 miles to I-355 access
5.2 miles to I-80 at New Lenox, Rt. 30 interchange
9.2 miles to I-55 at Plainfield Rt. 30 interchange
Road Type:Blacktop
Property Visibility:Excellent frontage on Farrell Rd.
Largest Nearby Street:Division Street, (167th)
 

Land Related

Lot Frontage (Feet):992 feet of frontage on Farrell Rd.
Lot Depth:1307 feet deep
Buildings:No Buildings
Topography:Level
 

Financials

Finance Data Year:2017 Tax year
Real Estate Taxes:The 2017 taxes paid in 2018 were $557.
Investment Amount:The investment for this excellent development project is $2,000,000 or $7,575 per proposed unit.
 

Location

Address:2516 S, Farrell Rd
Lockport, IL 60441-9798
County:Will County Illinois



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 Lockport, Illinois (Lockport Township, Will County Township, Will County) contact:

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

Goodwin & Associates Real Estate, LLC
is an AGENT of the SELLERS.

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