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2907 Red Oak - Third Editon to Cedar Ridge 16 Acres of Residential Land Offered at $2,310,000 in Bloomington, IL 61701

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EXECUTIVE SUMMARY

According to the McLean County EDC, Bloomington Normal is 4,000 units short of needed housing inventory. This is an opportunity to skip the years of development and city approval phases and build immediately.

PROPERTY FACTS

Price $2,310,000
Sale Type Investment or Owner User
Sale Condition Bulk/Portfolio Sale
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Single Family Development
Total Lot Size 16.00 AC
Cross Streets Nielson
Zoning R1C - Single Family Residential dwelling units

1 LOT AVAILABLE

Lot

Price $2,310,000
Price Per AC $144,375.00
Lot Size 16.00 AC

42 completely developed lots ready to permit and build. Lot retail from $63K to $73.5K. Priced at $55K each. Lots are to be sold together as 42 lots. Zoned R-1C

  • Listing ID: 28960658

  • Date on Market: 7/10/2023

  • Last Updated:

  • Address: 2907 Red Oak, Bloomington, IL 61701

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