Pin 14-11-477-001 Northtown And Pipeline Roads,Normal, IL 61761
Normal, IL 61761
Description
Positioned for future growth, this 33-acre site presents a compelling opportunity for multifamily development with a clear path to annexation and rezoning. Currently zoned agricultural, the property is subject to a city annexation agreement that supports multifamily use-significantly reducing entitlement risk for a prospective developer. The site offers the scale and flexibility to accommodate a thoughtfully planned residential community, with potential for phased development. Ideal for investors and developers seeking to capitalize on expanding housing demand in a growing area. Surrounded by ongoing development and supported by municipal cooperation, this property is well-positioned for a successful transition from agricultural use to higher-density residential or mixed development.
Details
| MLS # | 12627464 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 144 |
| Listing Provided By | BHHS Central Illinois, REALTORS | Melissa Dittbenner |
Features
| Zoning | AGRIC |
|---|---|
| Acreage | 33.00 |
Utilities
| Utilities | Electricity Nearby, Natural Gas Nearby |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 1423.68 |
Area Information
| State | IL |
|---|---|
| County | McLean |
| City | Normal |
| Zip Code | 61761 |
| Area | Normal |
| Community Name | Not Applicable |
| School District | Normal Community West High Schoo |
| Elementary School | Prairieland Elementary |
| High School | Normal Community West High Schoo |
| Listing VS Median (in Not Applicable) | |
Price: $4,965,840 low | high Med: $189,000 On site: 144 low | high Med: 63 | |
Market Activity 61761
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Learn More About This Property
| State | IL |
|---|---|
| County | McLean |
| City | Normal |
| Zip Code | 61761 |
| Area | Normal |
| Community Name | Not Applicable |
| School District | Normal Community West High Schoo |
| Elementary School | Prairieland Elementary |
| High School | Normal Community West High Schoo |
| Listing VS Median (in Not Applicable) | |
Price: $4,965,840 low | high Med: $189,000 On site: 144 low | high Med: 63 | |