Zoned R-4 Multi Family Land / Cherry Valley, IL

Vacant Land for Sale
Catylist Listing ID: 30654015
Property Subtypes: Multi-Family
Gross Land Area: 23.13 Acres
Sale Price: $50,000 Per Acre
Total Price: $1,156,500
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/30/2020

Overview / Comments

Total of 23.13 Acres Zoned R-4 in Village of Cherry Valley,IL / Adjacent to Regional Mall ( Cherry Vale Mall) / Ideal for Senior Housing or Market Rate Apartments, Will Divide, Municipal Sewer & Water / On the Bus Line / Numerous Restaurants & Grocery Available / Walk to the Mall

Additional Details

Nearest MSA: Rockford
County: Winnebago
Taxing Authority: winnebago County
Tax ID/APN: 1235251019 / 1235252011
Zoning: R-4 ( 12 UNITS PER ACRE MAX) PER VILLAGE OF CHERRY VALLEY)
Property Located Between: Harrison Ave. & Newburg Rd.
Legal Description: To be furnished by Title Company (Title Underwriters Agency)
Largest Nearby Street: Harrison Ave.
Airports: Chicago Rockford Airport
Site Description: Gentle Slope
Area Description: Some single family residential & Regional Shopping Mall Stores
Zoning Description: R-4 (12 Units per Acre) Per Village of Cherry Valley
Topography: Gently Sloping
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,420 39,031 117,511
Median Age: 45.9 42.7 41.14
Households: 1,430 16,237 47,657

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