Positioned for future growth, this 33-acre site presents a compelling opportunity for multifamily development with a clear path to annexation and rezoning. Currently zoned agricultural, the property is subject to a city annexation agreement that supports multifamily use-significantly reducing entitlement risk for a prospective developer. The site offers the scale and flexibility to accommodate a thoughtfully planned residential community, with potential for phased development. Ideal for investors and developers seeking to capitalize on expanding housing demand in a growing area. Surrounded by ongoing development and supported by municipal cooperation, this property is well-positioned for a successful transition from agricultural use to higher-density residential or mixed development.
Property Details
Price:
$4,965,840
MLS #:
MRD12627464
Status:
Active
Beds:
0
Baths:
0
Type:
Land
Neighborhood:
normal
Listed Date:
Apr 23, 2026
Schools
School District:
5
Elementary School:
Prairieland Elementary
Middle School:
Parkside Jr High
High School:
Normal Community West High Schoo
Interior
Exterior
Financial
Tax Year
2024
Taxes
$1,424
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PIN 14-11-477-001 Northtown and Pipeline Roads
Normal, IL


