Contact us: 563.441.1776
Description
CALLING ALL DEVELOPERS, CAR DEALERSHIPS, GAS STATIONS, RETAIL STORES, ETC! HARD TO FIND, LOCATED IN A PRIME LOCATION ON RT. 47, MINUTES FROM METRA AND I-88 INTERCHANGE. 18.05 acre development parcel, contiguous and annex-able to the village of Elburn, IL. Northeast corner of Rt. 47 and Hughes Road, this acreage is within Elburn's primary expansion area and primed for a mixed-use development. Commercial uses are slated along Rt. 47 and the corner with residential uses to the east. Residential homes are located to the east, undeveloped land is west of Rt. 47 (some of which is now being considered for a solar farm) and a Napa Auto Parts store is to the north. All utilities are in place and accessible to this parcel, subject to buyer's verification. Sold subject to a year-to-year AG-farm lease. Don't miss this unique opportunity!
Property Highlights
Property Type: Land - Farm
Total Acres: 18.05 Acres
General Information
County: Kane
High School: Kaneland High School
Listed By:
Coldwell Banker Realty
630-377-1771
MRED MLS
MLS ID: 12745860
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18.5 Acres Rt. 47 - Hughes Road, Elburn, IL 60119.
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| Loan Type | FHA 30 Year Fixed | VA 30 year fixed | 30 yr Jumbo |
| Purchase Price | $1,250,000 | $1,250,000 | $1,250,000 |
| Down Payment | $43,750 | $0 | $250,000 |
| Monthly Mortgage Amount | $7,657 | $8,071 | $6,321 |
| Taxes | $1740 | $1740 | $1740 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $750 | $0 | $0 |
| Monthly Estimated Total | $10,512 | $10,176 | $8,426 |
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