Land for Sale: 230 E State, South Elgin, IL 60177

$285,000
$285,000
230 E State, South Elgin, IL 60177
$285,000
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Price:
$285,000
$15,000 - 10/17/2024

Type Lot/Land
Lot Size 0.87 acres

City South Elgin
County Kane
School District 46

MLS 12140158
Status Active
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.

Room Features

Basement Description None

Lot & Building Features

Tax Year 2023
Lot Dimensions 264 X 146 ft

Community and Schools

Elementary School 46

Price History of 230 State, South Elgin, IL

Date Name Price Difference
10/17/2024 Price Adjustment $285,000 5.00%
12/31/1969 Listing Price $300,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By


Photo of Carol Molnar
Direct: 708-227-3388
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Coldwell Banker Realty, Rocco Zaccaro
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1%
6.75%
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230 State (MLS #12140158) is a lot/land listing located in South Elgin, IL. This is a lot/land listing with a lot of 37,897 sqft (or 0.87 acres). This property was listed on 08/16/2024 and has been priced for sale at $285,000.

Nearby zip codes are 60120, 60123, 60124, 60174 and 60542. This property neighbors other cities such as Bartlett, Bolingbrook, Elgin, North Aurora and St Charles.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Coldwell Banker Realty