40 Ac New Lenox Development Site(Sylvan Meadows)

Status:Active
County:Will
Township:New Lenox Township, Will County Illinois
Address:West Spencer Road (NE corner of Spencer and Nelson Rd. New Lenox IL 60451
Gross Land Area:40 Total Acres
 Hectare Conversion
Property Type:Finished Lots & Vacant farmland with Development Potential
Possible Uses:Agricultural Production with residential potential
Total Investment:$1,747,220 or $883,220 for 34 acres plus $864,000 for 12 finished SF Lots
 Monetary Conversion
Unit Price:$26,000 per acre & $72,000 per finished SF Lot
Productivity Index (PI):PI Index is 125.7
Buildings:No Buildings
Utilities:Utilities are at the site


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.

 

** For Sale **

40 Ac New Lenox Development Site(Sylvan Meadows)
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Property Overview

Sylvan Meadows is a 40 Acre development site in the desirable community of New Lenox. There are 12 finished lots and an additional 34 acres platted for 79 single family lots. Ownership is willing to split the finished lots from the acreage. Near Shopping, Expressways and Metra. Frontage on four roads, Nelson, Illinois Highway, Gear Dr. and Woodland rd. 
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Will County Map

Property Map

Property Gallery

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Road Map for 40 Acre New Lenox Development site   
Road Map for 40 Acre New Lenox Development site

Aerial Map of New Lenox and Sylvan Development location.   
Aerial Map of New Lenox and Sylvan Development location.

Aerial Map of 40 acres in New Lenox   
Aerial Map of 40 acres in New Lenox

Site Plan for Sylvan 79 lot New Lenox, IL Development Project   
Site Plan for Sylvan 79 lot New Lenox, IL Development Project

Aerial Map of the Finished lots in the Sylvan Subdivision   
Aerial Map of the Finished lots in the Sylvan Subdivision

Photo of the finished lots along Woodlawn Rd.   
Photo of the finished lots along Woodlawn Rd.

Plat Map of 40 Acre Development site in New Lenox Illinois   
Plat Map of 40 Acre Development site in New Lenox Illinois
Plat Map reprinted with permission of Rockford Map Publishers, Inc.

New Lenox Demographics   
New Lenox Demographics

Tapestry Profile for New Lenox 40 Acre Sylvan subdivision - three mile radius   
Tapestry Profile for New Lenox 40 Acre Sylvan subdivision - three mile radius

FSA Map of the New Lenox Development Site   
FSA Map of the New Lenox Development Site

Soil Map of Sylvan Meadows Development in New Lenox, IL   
Soil Map of Sylvan Meadows Development in New Lenox, IL

Topographical Map   
Topographical  Map

Listing Details

 

General Information

Listing Name:40 Acre New Lenox Development Site (Sylvan Meadows)
Tax ID Number/APN:15-08-21-300-016 (33.97 Acres)
There are twelve additional pin numbers, one for each platted lot
Possible Uses:This is a platted annexed and zoned subdivision called Sylvan Meadows. There are 12 finished lots ready for construction and 79 platted lots.
Zoning:R-2A by the village of New Lenox.
Minimum lot with is 84 feet
2000 SF minimum 2-story home
1800 SF minimum ranch home
 

Area & Location

School District:New Lenox Grade School District 122
Lincoln-Way Community High School District 210
Market Type:Suburban market, see tapestry segmentation for New Lenox proper and the three mile radius of the site.
Location Description:New Lenox is suburban village in Will County, IL. It is the "Home of Proud Americans" The development site is just south of Rt. 30 which is the main thoroughfare thought town. Access to I-80, shopping and Metra.
Site Description:Level farmland with roads on four sides, Woodlawn, Nelson, Gear Drive and Illinois Highway (Old Spencer Rd).
Side of Street:Northeast corner of Illinois Highway and Nelson Rd.
Highway Access:Only 1.8 miles Northwest to I-80 at the Rt. 30 access ramp.
Road Type:Asphalt roads on all four sides.
Property Visibility:Excellent corner parcel with visibility from four roads.
Largest Nearby Street:Rt. 30 is only 1.5 miles north.
Transportation:Metra station at Cedar road is only 1.8 miles northeast of the site. I-80 highway access is only 1.8 miles north. I-355 is approximately 4 miles north.
 

Land Related

Lot Frontage (Feet):1132 feet on Nelson Rd
1280 feet on W. Illinois Highway
1053 feet on Gear Dr.
1080 feet on Woodlawn Rd (frontage for 12 finished lots)
Buildings:No buildings
Zoning Description:R-2A is single family residential in the village of New Lenox. Minimum platted lot width is 84 feet.
2000 SF minimum 2-story home
1800 SF minimum ranch home
Available Utilities:All utilities are available by the village of New Lenox.
 

Financials

Finance Data Year:The 2017 taxes paid in 2018.
Real Estate Taxes:33.97 acre tax bill was $1,856 or $54.63/ac.
Each platted lot is $130.56 for a total of $1,566.72
Investment Amount:Ownership is willing to split the finished lot from the 33.97 acres of platted vacant farmland.
Finished lots are offered as a package deal at $72,000 each for a total of $864,000.
33.97 acres of vacant land is offered at $26,000 per acre for an investment of $883,220.
The total for both lots and land is $1,747,220.
 

Location

Address:W. Illinois Highway
NW corner of W. Illinois Highway and Nelson road.
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 New Lenox, Illinois (New Lenox Township, Will County Illinois 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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