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725 University Parkway

University Park, IL 60484
  • $450,000
  • STATUS: Active
  • ON SITE: 70 Days
  • MLS #: 11470003
UPDATED: 55 min ago
$450,000
  • 0
    BEDS
  • 21.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

School District:

Description

Presenting an approximately 21.22-acre vacant land parcel located at 725 University Parkway in University Park, Illinois. The village of University Park is located approximately 30 miles south of Chicago's downtown or Loop almost entirely in Will county and is one of the region's few planned communities. The subject property is well-located within the Interstate 57 major industrial corridor, connecting the community to thriving and growing industry and employers within the area including Amazon. University Park is also home to Governors State University, a 4-year residential university, and is strategically adjacent to the planned South Suburban Airport (SSA) in nearby Peotone. The subject property is currently zoned R-4 and is located adjacent to existing residential developments to the west, east and south, making this investment a great opportunity for retail use along University Parkway with the rear portions of the land set aside for multi-family, senior housing or community use. University Park's proximity to an industrial corridor coupled with its frontage and the community's desire for a difference suggests a zoning change would pave the way for an opportunity to better serve the community. Here, a new investor has the opportunity to acquire a vacant parcel in an underserved but well-located community poised for growth, allowing for multiple development strategies.

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or eXp Realty. Based on information submitted to the MRED as of 2022-09-29T14:01:36.247 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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725 University Parkway University Park, IL 60484

  • Price: $450,000
  • Status: Active
  • On Site: 70 Days
  • Updated: 55 min ago
  • MLS #: 11470003
0
Beds
0
Baths
0
½ Baths
21.22
Acres
Neighborhood:
University Park
County:
Will
Area:
University Park
School District:
201U
Property Description
Presenting an approximately 21.22-acre vacant land parcel located at 725 University Parkway in University Park, Illinois. The village of University Park is located approximately 30 miles south of Chicago's downtown or Loop almost entirely in Will county and is one of the region's few planned communities. The subject property is well-located within the Interstate 57 major industrial corridor, connecting the community to thriving and growing industry and employers within the area including Amazon. University Park is also home to Governors State University, a 4-year residential university, and is strategically adjacent to the planned South Suburban Airport (SSA) in nearby Peotone. The subject property is currently zoned R-4 and is located adjacent to existing residential developments to the west, east and south, making this investment a great opportunity for retail use along University Parkway with the rear portions of the land set aside for multi-family, senior housing or community use. University Park's proximity to an industrial corridor coupled with its frontage and the community's desire for a difference suggests a zoning change would pave the way for an opportunity to better serve the community. Here, a new investor has the opportunity to acquire a vacant parcel in an underserved but well-located community poised for growth, allowing for multiple development strategies.
Exterior Features

Frontage Type City Street Lot Size 10.0-24.99 Acres Road Surface Type Asphalt Waterfront YN No

Interior Features

Basement Bathrooms YN No

Property Features

Building On Land No Corporate Limits University Park Current Use Commercial Farm No General Information None Mls Actual Status Active Ownership Fee Simple Special Listing Conditions None Tax Annual Amount 2765.22 Tax Year 2021 Township Monee Type Land Utilities Electric NearbyGas NearbySanitary SewerWater NearbyWell-Community Zoning Commr

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of B2b Investment Properties Llc: 331-642-1958.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or eXp Realty. Based on information submitted to the MRED as of 2022-09-29T14:01:36.247 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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1363 Shermer, #200
Northbrook IL, 60062