37.88 Ac in Marengo, IL

Land Description

Auction Starts 9 00 AM 9/27/2021 Auction Ends 12 35 PM 9/29/2021 Nominal Opening Bid $175,000. Land. Approx 37.88Ac lot. 37.88-Acres comprised of 4 tax parcels, ready for development. City approved development concept consisting of 24 Single family homes and 54 duplex units. Utilities to property and engineering completed preliminary approvals now expired and would need to be re-submitted for approval. Site is slightly rolling, partially wooded, at grade with surrounding roads. Frontage of approx 186 ft along Forest Street and approx 20 ft along Maple Street. Zoned R-1. Suitable for residential subdivision. Recent development of I-90 access ramps nearby has driven commercial development and favorable marketing conditions. Note A Buyer's Premium Buyer's Fee in WI will apply for this property. Please see Terms of Sale for details. Broker Licenses IL Daniel S. Nelson, Managing Broker RE LIC 471.016793