Description
22400 Bohlmann Pkwy & 22450 Central Ave, Richton Park, IL Total Land Area: 1,701,859 SF (39.07 Acres) APNs: 31322000140000 & 31322000170000 Purchase Price: $855,000 ($0.50 per SF) Zoning: BP (Business Park) - Village of Richton Park, IL Investment Highlights Proximity to Growth: Adjacent to Central Avenue, Richton Park's newest mixed-use development corridor, positioning the land for future retail, commercial, and industrial use. Infrastructure Ready: Utilities are readily available, streamlining the development process. Environmental & Stormwater Planning Underway: CMAP, FEMA, and the Army Corps of Engineers (ACE) are engaged in stormwater boundary revisions and future management planning to enhance and expand developable green spaces. Diverse Development Opportunities: The portfolio offers flexibility for retail, commercial, and industrial projects, catering to the evolving needs of the Richton Park market. Low Carrying Costs: 2023 Real Estate Taxes: $2,468.22-an attractive factor for investors looking to hold the land while planning development. This prime land portfolio presents an exceptional opportunity for developers and investors seeking affordable, strategically located acreage within a high-growth area. Positioned for future economic expansion, these parcels offer scalability, investment flexibility, and access to municipal incentives that enhance their long-term value.
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School Information
Description
22400 Bohlmann Pkwy & 22450 Central Ave, Richton Park, IL Total Land Area: 1,701,859 SF (39.07 Acres) APNs: 31322000140000 & 31322000170000 Purchase Price: $855,000 ($0.50 per SF) Zoning: BP (Business Park) - Village of Richton Park, IL Investment Highlights Proximity to Growth: Adjacent to Central Avenue, Richton Park's newest mixed-use development corridor, positioning the land for future retail, commercial, and industrial use. Infrastructure Ready: Utilities are readily available, streamlining the development process. Environmental & Stormwater Planning Underway: CMAP, FEMA, and the Army Corps of Engineers (ACE) are engaged in stormwater boundary revisions and future management planning to enhance and expand developable green spaces. Diverse Development Opportunities: The portfolio offers flexibility for retail, commercial, and industrial projects, catering to the evolving needs of the Richton Park market. Low Carrying Costs: 2023 Real Estate Taxes: $2,468.22-an attractive factor for investors looking to hold the land while planning development. This prime land portfolio presents an exceptional opportunity for developers and investors seeking affordable, strategically located acreage within a high-growth area. Positioned for future economic expansion, these parcels offer scalability, investment flexibility, and access to municipal incentives that enhance their long-term value.
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