$750,000

0000 Locust Rd Morris, IL 60450

Estimated payment $4,208/month

Total Views 24,552
16 Acres
$48,263 Price per Acre
676,922 Sq Ft Lot

About This Lot

This 15.54-acre residential development site is located in the Deer Ridge subdivision, Morris, Illinois and minutes from the I-80/Rt 47 interchange. This is a developers/builder's dream scenario. The parcel is the final chapter in this sought after subdivision, offering the chance for quick builds, sales, and closings. The parcel is already designed for approximately 40 single-family residential lots, ensuring a straightforward path to development. A benefit of this parcel is having the necessary utilities conveniently onsite, streamlining the construction process and lowering initial costs. Also, further benefits include entry monuments, green space, retention areas, and a city park already in place saving the next builder significant time and money. This is the ideal setup for builders looking to hit the ground running. Elegant entranceways create a welcoming ambiance for all residents/guests, wide streets with sidewalks on every lot create an easy way for residents to stroll around the subdivision, onsite pond allows for resident fishing, and the neighborhood park creates a place to play and connect with others. The park is walking distance from this parcel and includes a designated walking path, sledding/exercise hill, playground equipment, and 2 baseball fields. As the final phase for Deer Ridge subdivision, this development promises premium living spaces within a well- established and thriving community surrounded by other single-family homes. Residents enjoy easy access to nearby schools, national chain restaurants, shopping, golf, hospital, Walmart, Menards, along with a brand-new YMCA currently being built. Minutes away by car is historic downtown Morris which has a vibrant mix of casual restaurants, small local businesses, bars, salons, upscale dining, bike rental, and places to hear live music. Strategically located along I-80 in the far Southwest suburbs of Chicago, this location is home to many new businesses including the Costco distribution center, the Proctor and Gamble distribution center, along with numerous new national restaurants/shops. This is a rare opportunity for builders to make a significant impact in a growing area with extremely low inventory of new homes for buyers to currently choose from. Previous builder completed closings ahead of their schedule as the demand in Morris for new construction is high. For more information, plans, and viewing arrangements contact us today. This property is waiting for a visionary developer to seize the moment and complete the last phase of this thriving subdivision.

Listing Agent

Laura Tomsa

Brummel Properties, Inc. License #471016446

Co-Listing Agent

Keith Warpinski

Brummel Properties, Inc. License #475096968

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $593

Lot Details

  • 15.54 Acre Lot
  • Lot Dimensions are 825x825
  • Property is zoned SINGL

Schools

  • Saratoga Elementary School
  • Morris Community High School

Utilities

  • Electricity To Lot Line
  • Gas Available

Property Details

Property Type

Land

Est. Annual Taxes

$593

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Type: Land
  • Ownership: Fee Simple w/ HO Assn.
  • Current Use: Development
  • Road Surface Type: Asphalt
  • General Information: School Bus Service
  • ResoPropertyType: Land
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement Bathrooms: No

Exterior Features

  • Frontage Type: Public Road
  • List Price: 750000
  • Waterfront: No

Utilities

  • Utilities: Electric to Site, Gas to Site, Sanitary Sewer, Water to Site

Schools

  • Elementary School: Saratoga Elementary School
  • High School: Morris Community High School
  • Middle/Junior School: Saratoga Elementary School
  • Middle/Junior School District: 60C

Lot Info

  • Lot Size Acres: 15.54
  • Lot Dimensions: 825X825
  • Zoning: SINGL
  • Lot Size: 10.0-24.99 Acres
  • Special Assessments: N
  • Subdivision Lot Number: 137

Rental Info

  • Board Number: 10

Building Info

  • Building(s) on Land: No

Tax Info

  • Tax Annual Amount: 593
  • Tax Year: 2023

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2024 12/06/24 For Sale $750,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12222356

Midwest Real Estate Data (MRED)