110 Acre Diamond Residential Development Site
| Status: | Active |
| County: | Grundy |
| Township: | Maine-Braceville |
| Address: | S, Berta Road Diamond IL 60416 |
| Gross Land Area: | 110 Acres |
| Hectare Conversion | |
| Property Type: | Vacant farmland with Residential Development Potential |
| Possible Uses: | Agricultural Production |
| Total Investment: | $4,791,600.00 |
| Monetary Conversion | |
| Unit Price: | $43,560/Ac or $1/SF |
| Productivity Index (PI): | The PI Index for this farm is 101.8 |
| Buildings: | No Buildings |
| Utilities: | All utilities available at the site |
| Zoning: | B-1, R-3 & R-1 |
For more information contact:
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Douglas W. Deininger, ALC 1-815-439-9245 1-815-439-9245 doug@deininger-land.com |
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Goodwin & Associates Real Estate, LLC is an AGENT of the SELLERS. |
Goodwin & Associates Real Estate, LLC 1-815-741-22261-815-741-2226 |
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Property Overview
110 total acres make up Prairie Lake Estates in Diamond, Illinois. The site is platted for 108 units of Duplex homes, 180 single family lots and 3.97 acres of commercial. Utilities are at the site, no recapture fees. Diamond and Coal City are running low on residential lot inventory. Site plan calls for 12,000 SF lots, but could be amended to smaller lots. Current site plan has expired. Bike path has been previously donated to the village of Diamond along the angling eastern boarder of the property. Easy access to I-55 at two locations, Rt. 113 or Reed road to the south.+ View Brochure
+ View Property Disclaimer and Disclosure.
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Property Map
Listing Details
General Information |
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| Listing Name: | 110 Acre Diamond Residential Development Site. (Prairie Lake Estates) |
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| Tax ID Number/APN: | 09-01-101-022 09-01-151-002 |
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| Possible Uses: | This 110 acres is platted for 180 single family homes, 108 duplex homes (54 lots) and 3.97 acres of Commercial. The current site plan has expired, but the village of Diamond is open to renewing the plan or updating the plan for smaller single family lot sizes. | |
| Zoning: | R-1 Single Family Residential R-3 Two Family Residential B-1 Village Retail |
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Area & Location |
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| School District: | Coal City Unit School District 1 | |
| Market Type: | The top three Tapestry Segmentation Neighborhoods are: Middleburg 52.8% Soccer Moms 11.3% Down the Road 11.3% Chart with additional demographic details is included with this brochure package. |
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| Location Description: | Only minutes away from I-55 and Rt. 113 intersection. Diamond is a small town between Coal City, Braidwood and Wilmington. Diamond straddles between Grundy and Will Counties of Illinois. | |
| Site Description: | The parcel is currently being farmed. This is flat agricultural land with road frontage on Berta road and Rt. 113. | |
| Side of Street: | Southeast corner of Rt. 113 and Berta Rd. | |
| Highway Access: | Approximately 2 miles to Interstate 55 at Rt. 113 or I-55 at Reed road. |
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| Road Type: | Rt. 113 is a State Highway Berta road is a City road |
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| Property Visibility: | Excellent road frontage | |
| Largest Nearby Street: | Frontage on IL. Rt. 113 and 2 miles west of I-55. | |
Land Related |
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| Lot Frontage (Feet): | There is an access point of approximately 44 feet on Rt. 113 for the commercial development. 330 feet of commercial frontage on Berta road plus an additional 2223 feet of frontage on Berta road. | |
| Buildings: | No Buildings | |
| Zoning Description: | R-1 is single family lots R-3 is duplex lots B-1 Business-Commercial. |
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| Flood Plain or Wetlands: | None known | |
| Topography: | Flat | |
| FSA Data: | 103.65 Cropland Acres Corn base of 77.77 acres and corn yield of 104 Soybean base of 25.88 acres and soybean yield of 32 |
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| Soil Type: | The primary soils on this farm are: Sparta loamy fine sand (88B) Gilford fine sandy loam C201A) Papineau sandy loam (42A) |
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| Available Utilities: | All utilities are at the site. | |
Financials |
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| Finance Data Year: | 2020 | |
| Real Estate Taxes: | The 2020 Real estate taxes paid in 2021 were $1,306 or $11.87 per acre. | |
| Investment Amount: | The total investment amount for Prairie Lake Estates platted subdivision in Diamond Illinois is $4,791,600. | |
Location |
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| Address: | South Berta Road Diamond, IL 60416 |
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| County: | Grundy County Illinois | |
DOUGLAS W. DEININGER, ALC PROFESSIONAL BIOGRAPHY
As a member of the Illinois Farm and Land Brokers Chapter of the Realtors Land Institute, he was elected state President in 2000. In 2008 he acquired his Accredited Land Consultant accreditation (ALC) and also the Chapter awarded Mr. Deininger the Land Broker of the year award.
Doug has been a speaker at numerous Farmland Seminars sharing his expertise on farm land values, leasing, and 1031 like kind exchanges.
He has been a licensed farm real estate broker in Illinois for over 30 years. Throughout his career Mr. Deininger has sold or acquired approximately 100 million dollars in farm real estate. He has a genuine interest in finding the best possible solution for his clients.
Douglas W. Deininger, ALC
1-815-439-9245 1-815-439-9245 doug@deininger-land.com
is an AGENT of the SELLERS.
GOODWIN & ASSOCIATES REAL ESTATE, LLC
Goodwin & Associates Real Estate, LLC, LLC was established in 1996 as a land brokerage company. We specialize in farmland sales and marketing. We also offer brokerage services with industrial land, commercial land, residential development land and retail development land.
Goodwin & Associates Real Estate, LLC is based in Will County, but has effectively marketed and brokered properties from Metropolis Illinois to Grayslake Illinois. We are a full-service brokerage company with answers to your questions. In our years of experience, we have helped clients with the purchase and marketing of hundreds of millions of dollars in land investments.
Goodwin & Associates Real Estate, LLC
1-815-741-22261-815-741-2226