Description: 166+/- acres at the northeast corner of Torrence Avenue and Glenwood-Dyer Road (both are legs of Illinois Route 83), in Lynwood, Illinois
Price: $1,399,000 (~$8,428 per acre)
Zoning: B-3 Regional Commercial Business District and R-3A Multi-Family Dwelling District in the Village of Lynwood
166+/- acres of land situated on the north side of Glenwood-Dyer Road and the east side of Torrence Avenue (both are legs of Illinois Route 83) in the Village of Lynwood, Illinois. Most of the property is farmland (135 tillable acres), with some areas of woods as well. A farm lease is currently in place through Nov. 2014. The property has been annexed and zoned into the Village of Lynwood (pop. 9,000) and was once proposed for a mixed-use development that included a regional commercial center and a multi-family age-targeted development. Given the property’s size and location, any number of residential and commercial uses would be ideal for this site, and it remains a great agricultural site until the property can support development. The property is located in Sandridge School District 172 and Bloom Township High School District 206. The property benefits from its great location on both legs of Illinois Route 83, only a mile and a half east of Illinois Route 394 (the Bishop Ford Freeway) and 3.5 miles south of I-80/I-94 (the Kingery and Borman Expressways). Within 10 minutes of Lansing Airport, three hospitals, large business parks and job centers, numerous forest preserves and recreational areas, and regional retail centers in Schererville/Highland, Calumet City/Lansing, and Homewood/Glenwood. 20-25 minutes from entertainment centers including three casinos in Northwest Indiana, Star Plaza Theatre, and Balmoral Park. Only 40 minutes from Midway Airport and Downtown Chicago.
For more information, contact Chris Condon at 815.693.3005