Lakeland Road – 4.75 ACRES

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Address: Lakeland Rd, Morton, IL 61550, USA
Chicago & Midwest + Land/Development
Created date: April 24, 2025
Date last updated: April 14, 2026
Price: $427,025Investment Analyzer NEW!

Property Description

Prime Development Opportunity! 4.75 Acres of Prime Developable Land – DIVISIBLE! Rare opportunity to Build-to-Suit in desirable Morton. Currently Zoned Farmland, City of Morton has approved rezoning to Commercial / Multi-Family. 14,800 CPD on Morton Ave, 4,550 CPD Courtland & 4,950 CPD on Veterans Rd. Utilities are Parcel Adjacent, with City of Morton potentially willing to facilitate utility buildout. Incredible Land Appreciation Potential!

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Land/Development
Price: $427,025
Lot Size: 4.75 Acres
Opportunity Zone: No
Property Website Click Here
Address: Lakeland Road - 4.75 ACRES, Morton, IL 61550, USA
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Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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