$382,140

0 Saint Rose Rd

Highland IL, 62249

Description

This is a great piece of speculative development property with cash rent income. The price is very reasonable considering its location and development potential. The new roundabout just got completed, and the northeast corner of the roundabout has development plans for a convenience store/gas station. This land is adjacent to this recently annexed commercial land. Annexing it will be easy, and developing this land could be the future development area of Highland, which is conveniently close to the eastern beltline via the St. Rose Road, and across from the new Fire Department Building. Sellers had plans to develop this property, but now want to sell because they are buying another large section of land. This parcel is currently zoned agricultural, and has great development potential close to the beltline, major roads and new fire department. I can see it being developed as commercial, residential or Mixed Use.

Details

MLS#19057876
StyleFarm or Ranch
Sub-TypeResale
StatusActive
Year0
Days On Site133

Features

Story(s)NA
Acreage21.23

Market Activity 62249

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Area Information

StateIL
CountyMadison-IL
CityHighland
Zip Code62249
School DistrictHighland CUSD 5
Elementary SchoolHIGHLAND DIST 5
Middle SchoolHIGHLAND DIST 5
High SchoolHighland
Listing VS Median (in 62249)
Price:
$382,140
low | high
Med:
$54,725
100% of Average
On Site:
133
low | high
Med:
633
21.011058451817% of Average
Listing Updated: 12/12/2019
MLS Number: 19057876
Listing Provided By:
Bill Rickher  of  Equity Fifty Five Realty LLC
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