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31W085 Shoe Factory Rd
Elgin, IL 60120
THE ILANI ESTATE · Land For Sale
·
77.00 AC
Investment Highlights
- Ideal for development and investment/owner-user
- Average Daily Traffic Counts: ±6,700 vehicles per day on Beverly Rd, ±120,700 vehicles per day on I-90, ±30,300 vehicles per day on Rt 59
- Utilities (ComEd electric, Nicor Natural Gas, Municipal water and sewer) infrastructure at the site
- O’Hare International Airport is situated 22 miles (approximately 30 minutes) from Prairie Stone, while downtown Chicago is 33 miles (around 40 minutes
- Zoned: R-3 / Residential/Business/Farm - The Village of Elgin/Hoffman Estates will support residential development or other concepts
Executive Summary
EXECUTIVE SUMMARY
We are thrilled to introduce an exceptionally rare and extraordinary opportunity to acquire a ±77-acre tract of land, offered for sale by BW/The JonBerg Group. This property embodies the essence of a legacy asset, having been held within the same family for generations. It merges breathtaking natural beauty with significant development possibilities.
The property includes multiple residences, a large barn, several smaller barns, and pastures with turnouts for all your four-legged friends. Additionally, it features the oldest vineyard in Illinois, three storage warehouses, and two lakes, all surrounded by scenic views. The zoning can be adjusted to allow for retail development, with 4,084 feet of frontage on Shoe Factory Rd. Whether you envision it as your private estate or as a site for a subdivision or retail center, this prime location offers an unmatched canvas for planned development or a family estate.
The strategic location and expansive acreage enable visionary projects that leverage the area’s natural assets and foster a unique lifestyle experience. BW/The JonBerg Group invites you to explore this exceptional offering, where opportunity aligns with the beauty of nature. This property not only signifies an investment in land but also presents the chance to create a distinctive development that is unique to Northern Illinois.
We are thrilled to introduce an exceptionally rare and extraordinary opportunity to acquire a ±77-acre tract of land, offered for sale by BW/The JonBerg Group. This property embodies the essence of a legacy asset, having been held within the same family for generations. It merges breathtaking natural beauty with significant development possibilities.
The property includes multiple residences, a large barn, several smaller barns, and pastures with turnouts for all your four-legged friends. Additionally, it features the oldest vineyard in Illinois, three storage warehouses, and two lakes, all surrounded by scenic views. The zoning can be adjusted to allow for retail development, with 4,084 feet of frontage on Shoe Factory Rd. Whether you envision it as your private estate or as a site for a subdivision or retail center, this prime location offers an unmatched canvas for planned development or a family estate.
The strategic location and expansive acreage enable visionary projects that leverage the area’s natural assets and foster a unique lifestyle experience. BW/The JonBerg Group invites you to explore this exceptional offering, where opportunity aligns with the beauty of nature. This property not only signifies an investment in land but also presents the chance to create a distinctive development that is unique to Northern Illinois.
Property Facts
1 Lot Available
Lot
| Price | $22,770,000 | Lot Size | 77.00 AC |
| Price Per AC | $295,714.29 |
| Price | $22,770,000 |
| Price Per AC | $295,714.29 |
| Lot Size | 77.00 AC |
Land: ±77 acres Utilities (ComEd electric, Nicor Natural Gas, Municipal water and sewer) infrastructure at the site Site is fully usable Zoned: R-3 / Residential/Business/Farm-The Village of Elgin/Hoffman Estates will support residential development
Description
THE ILANI ESTATE | Movie Clip - use the link below: https://drive.google.com/file/d/0B-RGmWXJoaNFMDVPRUctVEJkYUk/view?ts=5984f9d8
Property Taxes
| Parcel Numbers | Improvements Assessment | $203,026 | |
| Land Assessment | $122,092 | Total Assessment | $325,118 |
Property Taxes
Parcel Numbers
Land Assessment
$122,092
Improvements Assessment
$203,026
Total Assessment
$325,118
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