Located near I-395 in Griswold, this property, with a rich history, offers a fantastic opportunity. In 2008, the owner received approval for 58 building lots, of which five were sold, leaving 53 lots for future development. During an economic downturn, the owner enrolled the land in Public Act 490 for tax relief, halting development temporarily. Now, 30 acres are used for corn cultivation, with the harvest due by fall. The rising housing market and constant zoning regulations make this property an appealing investment. It can accommodate residential, agricultural, recreational, and community-oriented purposes, with potential uses varying from single and two-family homes to commercial farming and public service facilities. This range of options appeals to various investors, underlining the need for potential buyers to evaluate their plans before the auction. Online Auction opportunity commencing on May 22nd and concluding on June 16th, “subject to seller confirmation”. Register for this auction at seaportre to actively bid to win. Property is strictly sold “as is” with a closing period not to exceed 60 days. The winning bidder is to submit a 5% buyer's premium within five days of winning bid acknowledgment along with an executed purchase & sale contract.
available on
5/23/2023Land
$119 Annual Tax
MLS/Listing ID 170570877
Source of Data: SMART MLS