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Richton Park,IL 60471
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12340506
Annual Tax Amount $1,283
Tax Year 2023
Lot Dimensions 1844766
Property Sub-Type Land
Property Description
5700 & 5900 Sauk Trail, Richton Park, IL Total Land Area: 1,844,766 SF (42.35 Acres) APNs: 3132200012 & 3132200011 Purchase Price: $945,000 ($0.51 per SF) Investment Highlights Proximity to Growth: Adjacent to Central Avenue, Richton Park's newest mixed-use development corridor, positioning the land for future retail, commercial, and industrial use. Infrastructure Ready: Utilities are readily available, streamlining the development process. Environmental & Stormwater Planning Underway: CMAP, FEMA, and the Army Corps of Engineers (ACE) are engaged in stormwater boundary revisions and future management planning to enhance and expand developable green spaces. Diverse Development Opportunities: The portfolio offers flexibility for retail, commercial, and industrial projects, catering to the evolving needs of the Richton Park market. Low Carrying Costs: 2023 Real Estate Taxes: $2,468.22-an attractive factor for investors looking to hold the land while planning development. This prime land parcel site presents an exceptional opportunity for developers and investors seeking affordable, strategically located acreage within a high-growth area. Positioned for future economic expansion, these parcels offer scalability, investment flexibility, and access to municipal incentives that enhance their long-term value.
Location
State IL
County Cook
Area Richton Park
Zoning INDUS
Interior
Fireplace N
Exterior
Utilities Available None
Building
Dwelling Type Land
Schools
Elementary Schools Fine Arts And Communications Cam
Middle Schools Fine Arts And Communications Cam
High Schools Fine Arts And Communications Cam
School District 227 ,227, 227
Others
Ownership Fee Simple
Special Listing Condition None