Apartment Land - $5,178 / Unit Land Cost

Vacant Land for Sale
Catylist Listing ID: 30215264
Property Subtypes: Agricultural, Hospitality, Multi-Family, Residential (Single Family), Other
Gross Land Area: 6.90 Acres
Sale Price: $290,000
Unit Price: $42,028 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/25/2020

Overview / Comments

Bank owned. Land site adjacent Countryside Shopping Center in Poplar Grove, IL. Village has expressed a willingness for apartment buildings. 4-unit buildings are adjacent to the site. Sales price represents $5,178 per unit over an estimated 56-unit apartment development. Final Layout and village approval are responsibility of buyer.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $139 (Annual)

Additional Details

Nearest MSA: Rockford
County: Boone
Tax ID/APN: 03-26-400-014
Zoning: R-1
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,946 12,967 20,996
Median Age: 35.51 34.96 38.2
Households: 975 4,127 6,867

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