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 |
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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