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2907 Red Oak - Third Editon to Cedar Ridge

16 Acres of Residential Land Offered at $3,316,906 CAD in Bloomington, IL 61701

Residential Land & Home Lots Illinois Bloomington 2907 Red Oak, Bloomington, IL 61701

EXECUTIVE SUMMARY

According to the McLean County EDC, Bloomington Normal is 4,000 units short of needed housing inventory. This is an opportunity to skip the years of development and city approval phases and build immediately.

ATTACHMENTS

CDR Final Plat of 42 developed lots as of 7-1-23
Cedar Ridge lots 101 thru 142 dated 5-15-23
CDR 42 developed lot price sheet
CDR 2019 Google Earth Cedar Ridge Farmed (1)
Cedar Riodge Annexation Agreement affordable loan tap-on fee forgiveness

PROPERTY FACTS

Price $3,316,906 CAD Property Subtype Residential
Sale Type Investment or Owner User Proposed Use Single Family Development
Sale Condition Bulk/Portfolio Sale Total Lot Size 16.00 AC
No. Lots 1 Cross Streets Nielson
Property Type Land
Price $3,316,906 CAD
Sale Type Investment or Owner User
Sale Condition Bulk/Portfolio Sale
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Single Family Development
Total Lot Size 16.00 AC
Cross Streets Nielson

1 LOT AVAILABLE

Lot

Price $3,316,906 CAD Lot Size 16.00 AC
Price Per AC $207,306.61 CAD
Price $3,316,906 CAD
Price Per AC $207,306.61 CAD
Lot Size 16.00 AC

42 completely developed lots ready to permit and build. Lot retail from $63K to $73.5K. Priced at $55K each. Lots are to be sold together as 42 lots. Zoned R-1C

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ZONING

Zoning Code R1C (Single Family Residential dwelling units)
R1C (Single Family Residential dwelling units)
(309) 261-3724

CONTACT

  • Listing ID: 28960658

  • Date on Market: 2023-07-10

  • Last Updated:

  • Address: 2907 Red Oak, Bloomington, IL 61701

The Land Property at 2907 Red Oak, Bloomington, IL 61701 is currently available for sale. Contact Berkshire Hathaway Central Illinois Realtors for more information.

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2907 Red Oak - Third Editon to Cedar Ridge
(309) 261-3724 x

2907 Red Oak - Third Editon to Cedar Ridge

Ed Neaves

(309) 261-3724

(309) 261-3724

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