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302 16th Street Mendota, IL 61342 Land - Farm New

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Description

Rare opportunity for builders and developers to acquire 18 residential parcels in a thoughtfully planned neighborhood in Mendota, a growing community attracting buyers seeking affordability and small-town quality of life. The proposed layout includes a mix of generously sized homesites, with several oversized corner lots ideal for ranch-style homes and wider footprints, while interior parcels are well suited for traditional two-story residences. The plan emphasizes efficient land use, attractive streetscapes, and strong resale appeal while supporting a variety of housing styles that complement the character of the area. An additional advantage for builders: if basements are constructed, excavated soil can potentially be relocated to approximately 14 acres owned by the seller directly across the street, offering a convenient solution for site management. With continued community growth, supportive municipal leadership, and increasing demand from buyers relocating from higher-cost regions, this offering presents a compelling development opportunity in an underserved housing market.

Property Highlights

Property Type: Land - Farm
Total Acres: 4.60 Acres

General Information

County: LaSalle
High School: Mendota Twp High School
Listed By:
Keller Williams Infinity 630-778-5800
MRED MLS
$650,000
Est. $4,255/mo
New to the Market New
LOT SIZE 4.600 acres MLS#12589118
STATUSNew PROPERTY TYPELand - Farm SCHOOLDistrict 280

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Ruhl&Ruhl Realtors
563.441.1776

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302 16th Street , Mendota, IL 61342.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $650,000$650,000$650,000
Down Payment $130,000$22,750$162,500
Monthly Mortgage Amount $3,160$3,826$4,016
Taxes $905$905$905
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$286$0
Monthly Estimated Total $4,255$5,207$5,111

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