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 |
| Productivity Index (PI): | 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
Goodwin & Associates Real Estate, LLC
is an AGENT of the SELLERS.
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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.+ View Brochure
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Property Map
Listing Details
General Information |
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| 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 |
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| 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. |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 Kendall County, Grundy County, Kane County, LaSalle County, Kankakee County, Livingston County, Ford County,Bureau, Henry County, Kane County, Dekalb County, Lake County, Iroquois County, Vermilion County, Kankakee County, and Cook 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
1-815-741-22261-815-741-2226 mgoodwin@bigfarms.com
Goodwin & Associates Real Estate, LLC
is an AGENT of the SELLERS.