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Pin 14-11-477-001 Northtown And Pipeline Roads Normal, IL 61761 • Land - Farm • New

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Description

Positioned for future growth, this 33-acre site presents a compelling opportunity for multifamily development with a clear path to annexation and rezoning. Currently zoned agricultural, the property is subject to a city annexation agreement that supports multifamily use-significantly reducing entitlement risk for a prospective developer. The site offers the scale and flexibility to accommodate a thoughtfully planned residential community, with potential for phased development. Ideal for investors and developers seeking to capitalize on expanding housing demand in a growing area. Surrounded by ongoing development and supported by municipal cooperation, this property is well-positioned for a successful transition from agricultural use to higher-density residential.

Property Highlights

Property Type: Land - Farm
Total Acres: 33.00 Acres
Utilities: Electricity Nearby, Natural Gas Nearby

General Information

County: McLean
High School: Normal Community West High Schoo
Subdivision: Not Applicable
Listed By:
BHHS Central Illinois, REALTORS
MRED MLS
$4,965,840
Est. $32,497/mo
New to the Market New
LOT SIZE 33.000 acres MLS#12627464
STATUSNew PROPERTY TYPELand - Farm SUBDIVISIONNot Applicable SCHOOLDistrict 5
TOUR PROPERTY

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Shown By

Jolean Overton-Austin
 (563) 676-6363

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Pin 14-11-477-001 Northtown And Pipeline Roads , Normal, IL 61761.

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Loan Type FHA 30 Year Fixed30 yr Jumbo
Purchase Price $4,965,840$4,965,840
Down Payment $173,804$993,168
Monthly Mortgage Amount $29,626$24,138
Taxes $6911$6911
Insurance $100$100
HOA/Dues/Fees $0$0
Monthly Mortage Insurance $2,979$0
Monthly Estimated Total $40,964$32,497

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