3 acre land site with Entitlements Antioch Il

Highlights

• Entitlements in place for 35 new Townhomes
• TOD site
• Engineering Drawings completed
• Site investigation done
• All utilities to site
• Building drawings complete
• Approved density of 12 units/acre

Description

SVN is pleased to offer for sale the exclusively listed ±3 Acre Vacant Land Site located at 647 Main Street in Antioch, Lake County Illinois. The land site is comprised of five (5) lots and was recently approved with new entitlements to build 35 new 3-story 2,400 SF townhomes in pods of 3, 4, or 5 units. The site was part of an original project of residential/apartment units of which 10 Townhomes units were built in 2003/04. The zoning map shows the site to be in the MT (Main Street Transitional) zoned area that runs from Downtown Main Street Antioch north to North Avenue. A buyer could continue with the present entitlements or reach out to the village to do a concept that works for their use.
The land is for sale at $800,000 or $22,850 per buildable townhome. The Land sale must be coordinated with the sale of the adjacent 10 rental townhome units also on market for sale.

The 3-acre property is located on Main Street not too far from the Downtown area of Antioch. The land site sits adjacent to 10 rental Townhome units and could be considered a TOD development site as the Metra Station is very close by. Also close by is the public library and a new downtown area Marketplace was just built.

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