Address
725 University Parkway, University Park, IL
Price
$ 450,000
Property Attributes
- MLS#11470003
- TypeContingent
- CountyWILL
- CityUniversity Park
- AreaUniversity Park
- Zip60484
- StyleCommercial
- Taxes$ 2765
- Price$ 450,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size21.22 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Presenting an approximately 21.22-acre vacant land parcel located at 725 University Parkway in University Park, Illinois. The village of University Park is located approximately 30 miles south of Chicago's downtown or Loop almost entirely in Will county and is one of the region's few planned communities. The subject property is well-located within the Interstate 57 major industrial corridor, connecting the community to thriving and growing industry and employers within the area including Amazon. University Park is also home to Governors State University, a 4-year residential university, and is strategically adjacent to the planned South Suburban Airport (SSA) in nearby Peotone. The subject property is currently zoned R-4 and is located adjacent to existing residential developments to the west, east and south, making this investment a great opportunity for retail use along University Parkway with the rear portions of the land set aside for multi-family, senior housing or community use. University Park's proximity to an industrial corridor coupled with its frontage and the community's desire for a difference suggests a zoning change would pave the way for an opportunity to better serve the community. Here, a new investor has the opportunity to acquire a vacant parcel in an underserved but well-located community poised for growth, allowing for multiple development strategies.
| Price History | |
|---|---|
| 8/14/2023 | Listed $450,000 |
General Features
| Utilities | Electric Nearby,Gas Nearby,Sanitary Sewer,Water Nearby,Well-Community |
|---|---|
| Possession | Closing |
| Zoning | COMMR |
| Township | Monee |
| Tax Year | 2021 |
| Current Use | Commercial |
| Percent Ownership | Fee Simple |
| County | Will |
| Property Type | Land |
| Contingency | Financing |
| Status | Contingent |
| Directions | University Parkway,West of South Western Avenue |
| City | University Park |
| High School District | 201U |
| MLS Area | University Park |
| Waterfront Y/N | No |
| Street Name | University |
| Tax Annual Amount | 2765.22 |
| Days on Market | 581 |
| Standard Status | Active Under Contract |
| Middle/Junior School District | 201U |
| Elementary School District | 201U |
| Property Type | Land |
Interior Features
| Street Suffix | Parkway |
|---|
Exterior Features
| Lot Dimensions | 716X1354 APP |
|---|---|
| Lot Size Acres | 21.22 |
| Road Surface Type | Asphalt |
| Frontage Length | 716 |
| Frontage Type | City Street |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 60484
Price
Taxes
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Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than NextHome Select Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2024 All rights reserved.Based on information submitted to the MLS GRID as of May 25, 2024 4:13 AM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of May 25, 2024 4:13 AM UTC
