5700 & 5900 Sauk Trail, Richton Park, IL Total Land Area: 1,844,766 SF (42.35 Acres) APNs: 3132200012 & 3132200011 Purchase Price: $945,000 ($0.51 per SF) 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 parcel site 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.
