Normal, IL 61761
$4,965,840
Mark Quesada
Broker / Owner
LIC #475144827
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 or mixed development.
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$36,649/mo
Estimate only. Not a loan offer, pre-approval, or commitment to lend. Taxes, insurance, and HOA are estimates that may differ from actual figures. Contact a licensed lender for a personalized quote.
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Listed by Melissa Dittbenner, BHHS Central Illinois, REALTORS
MLS# MRD12627464 · Active
History reflects records reported to the MLS and may be incomplete.