For Sale
$1,500,000

14025 Il-72 Genoa, IL 60135

High-density residential development opportunity. Prime location.

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional 34-acre property in Genoa, Illinois, presents a remarkable high-density residential development opportunity. Strategically located on State Highway 72, this Class A land boasts excellent visibility and accessibility, with a 2019 IDOT traffic count of 8,100 vehicles daily. Its prime location is adjacent to both commercial and residential areas, ensuring a thriving community setting. The property's Future Land Use Map designates it for high-density residential development, simplifying the approval process. Convenient access to I-90 via State Highway 23 interchange further enhances its appeal. The property benefits from existing city water and sanitary sewer lines at its edge, minimizing infrastructure costs. Included in the sale are existing buildings and a home situated on the land. The land itself is currently used for agriculture, featuring Class A soils (Danabrook, Elpaso, and Barony) with a Productivity Index of 137. The property's APN is 03-20-326-001 and 03-20-326-010. The Canadian Pacific Railway runs along the northern boundary. This is a rare opportunity to acquire a substantial parcel of land with significant development potential in a rapidly growing area. The asking price is $1,500,000. The property is offered fee simple.

Highlights

  • $1,500,000 asking price.
  • 34-acre multifamily land parcel in Genoa, IL.
  • High-density residential zoning.
  • Located on IL-72 with high daily traffic counts.
  • Sewer and water available at the property line.
  • Includes existing buildings and improvements.

Property Details for 14025 Il-72

Property type
Land, Farms
Class
A
Lot Size (sq. ft)
1,481,040 SF

Location Insight

City
Genoa
County
DeKalb
State
Illinois
Latitude
42.0962592
Longitude
-88.6801193

FAQs

What type of property is this?
Land - High-density residential development opportunity. Prime location.
Where is the land located?
The property is located at 14025 Il-72 Genoa, IL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: $1,500,000 asking price.; 34-acre multifamily land parcel in Genoa, IL.; High-density residential zoning.
How can I contact the broker?
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14025 Il-72
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