$ 285,000
230 E State Street South Elgin, IL 60177
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$ 285,000
Est. payment /mo
Price Dropped by $15K
230 E State Street South Elgin, IL 60177
0.87 Acres Lot
UPDATED:
10/25/2024 06:37 AM
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12140158
Annual Tax Amount $63,526,200
Tax Year 2023
Lot Size 0.870 Acres
Lot Dimensions 264 X 146
Property Description
Prime Vacant Commercial Land for Sale at 230 E State St, South Elgin, IL. Discover an exceptional investment opportunity in the heart of South Elgin! This expansive commercial strip of land, located at 230 E State St, offers unparalleled potential for development in a rapidly growing area. Situated in the vibrant community of South Elgin in Kane County, this vacant commercial land is perfectly positioned to capitalize on the increasing demand for retail, office, residential, or mixed-use developments. There are .875 Acres of Land with ample amount of opportunties. The village is in favor of multiple developments/ uses. Key Features: Strategic Location: Located on E State St, a major thoroughfare in South Elgin, this property benefits from high visibility and easy accessibility. The land is ideally situated near established businesses, residential neighborhoods, and key local amenities, ensuring a steady flow of potential customers and clients. Size and Zoning: This generous parcel of land offers ample space for various commercial applications. The flexible zoning allows for a wide range of uses, making it ideal for developers looking to create retail centers, office complexes, residential apartments, condominiums, or a mix of these. Growing Community: South Elgin is a dynamic and expanding community with a robust local economy. The area is experiencing significant growth, driven by new residential developments and increasing commercial activity, making this an opportune time to invest. Utilities and Infrastructure: Essential utilities and infrastructure are readily available, facilitating a smooth and efficient development process. The property is primed for construction, with all necessary services in close proximity. Proximity to Key Amenities: The land is conveniently located near major retailers, dining establishments, and local attractions. Additionally, it offers easy access to major highways and public transportation, enhancing its appeal to both businesses and residents. Development Potential: The vacant land offers a blank canvas for visionary developers to bring their projects to life. Whether you're considering retail space, office buildings, residential apartments, condominiums, or the expansion of trade-ups, this property provides the perfect foundation for your next successful venture. Seller Participation and Financing Options: The seller is willing to take part in the development process or provide seller financing, making this opportunity even more attractive. This flexibility can help streamline the development process and reduce initial capital requirements for qualified buyers. Seize this rare opportunity to acquire a prime piece of commercial land in South Elgin. Contact us today to learn more about this exceptional property and how it can meet your development needs.
Location
State IL
County Kane
Zoning COMMR
Interior
Fireplace N
Laundry None
Exterior
Utilities Available Electric Nearby, Gas Nearby
Waterfront false
View Y/N true
Schools
School District 46, 46, 46
Others
Ownership Fee Simple
Special Listing Condition None
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Rocco Zaccaro • Coldwell Banker Realty