931 E Steger RoadSteger, IL 60475

Description

Attention developers, builders, and investors - this is an extraordinary opportunity to acquire 40 acres in a rapidly growing area surrounded by established residential neighborhoods and strong existing infrastructure. With frontage along Steger Road and access points near Cottage Grove Ave and 229th Street, this property offers tremendous potential for a future residential subdivision, luxury estate community, mixed-use development, or planned residential expansion. **NO TRESSPASSING - DO NOT ENTER PROPERTY WITHOUT PERMISSION** The site features a rare combination of open farmland, mature wooded acreage, and a stunning stocked pond that could become the centerpiece of a truly one-of-a-kind community design. Scenic water views, rolling natural landscapes, and heavily wooded surroundings create the ideal setting for premium homesites and an upscale residential environment buyers are seeking today. Currently improved with a 2-bedroom, 1.5-bath main residence, separate 1-bedroom guest/annexe house, 3-car garage, workshop, greenhouse, inground pool, and a 56' x 30' pole barn with electric and water, the property provides immediate utility while planning future development. Existing trails, recreational land, and natural buffers further enhance the uniqueness and marketability of the site. Located among existing subdivisions yet offering unmatched privacy and scale, this property presents exceptional long-term upside for developers looking to capitalize on continued residential growth in the area. Potential opportunities include luxury single-family development, estate lots, conservation-style subdivision design, equestrian community concepts, or a signature residential enclave centered around the pond and wooded landscape. Large contiguous parcels with this level of natural beauty, accessibility, and development flexibility are becoming increasingly rare. A premier investment opportunity with endless possibilities for visionary development.

Property Information

Property type

Farm

Sub-type

Farm

Lot size

40.00 acres

Lot dimensions

1325x1268x1321x1289

Ownership

Fee Simple

Zoning

AGRIC

Days on market

137

MLS^® Listing#

12652806

Property Features

Lot features

Level

Utilities

Natural Gas Available

Sewer

Septic Tank

Water source

Well

Financial Details

Annual taxes

$4,976Tax year 2024

Parcel number

32353010010000

Directions

From 394 and Steger RD, go West to home on North side of Steger Rd (231st St)