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.
Details
| MLS # | 12652806 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 125 |
| Listing Provided By | Baird & Warner | Jared Gordon |
Features
| Zoning | AGRIC |
|---|---|
| Acreage | 40.00 |
Utilities
| Utilities | Electric to Site, Natural Gas Available, Sewer Nearby, Water Nearby |
|---|---|
| Sewer | Septic Tank |
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 4976.2 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Steger |
| Zip Code | 60475 |
| Area | Steger |
| Listing VS Median (in 60475) | |
Price: $1,600,000 low | high Med: $244,950 On site: 125 low | high Med: 19.5 | |
Market Activity 60475
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Steger |
| Zip Code | 60475 |
| Area | Steger |
| Listing VS Median (in 60475) | |
Price: $1,600,000 low | high Med: $244,950 On site: 125 low | high Med: 19.5 | |
 | $1,600,000931 E Steger RoadSteger, IL 60475 |