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33733325
33733324

931 E. Steger Rd, Steger, IL 60475

JG
IL IL 475183322
Baird & Warner Frankfort
Listed by Baird & Warner Frankfort
$1,600,000
13 days on market
Updated 13 days ago
Opportunity zone

40 Acre Development Opportunity

Details
APN 32-35-301-001-0000
Property Type Land
Sub Type Agricultural, Residential (+1)
Buildings 4
Acreage 40.000
Zoning Residential with Ag Exemption
Investment Type Redevelopment
Ownership Fee Simple

40 Acre Development - Stocked Pond with Scenic Natural Landscapes and Water Views

Marketing 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. Recent home sales in close proximity to the property have averaged approximately $521,000, with a median sale price of $532,500, supporting strong market fundamentals for future residential development.

What makes this offering particularly compelling is the combination of location, accessibility, and natural features that are becoming increasingly difficult to find in a single parcel. The property offers frontage and access along Steger Road and 224th Street (Acorn Lane), frontage on Mach Dr, with additional access point near Cottage Grove Avenue, creating flexibility for future planning and development.

This property offers tremendous potential for a future residential subdivision, luxury estate community, mixed-use development, or planned residential expansion. 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 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.

Investment highlights

  • 40 Acres of Developable Residential and Open Farm Land
  • Ingress/Egress from Steger Rd and Acorn Ln/229th St
  • Surrounded by Established Residential Neighborhoods and Strong Existing Infrastructure
  • Continued Residential and Economic Growth in the Area
  • Mature wooded acreage providing privacy and character
  • A beautiful stocked pond that could serve as the centerpiece of a signature community design
  • Scenic natural landscapes and water views ideal for premium homesites
  • Single PIN
  • Public Utilities At or Close to Site
  • Existing improvements including:
    • 2-bedroom, 1.5-bath primary residence
    • Separate 1-bedroom guest/annex home
    • 56' x 30' pole barn with electric and water service
    • 3-car garage
    • Workshop and greenhouse
    • In-ground pool

The property's scale and setting lend themselves to numerous development concepts, including

    • Luxury single-family residential subdivision
    • Estate lot community
    • Conservation-style neighborhood design
    • Equestrian-focused development
    • Mixed residential use
    • A private residential enclave centered around the pond and wooded landscape

Listing Contacts

JG
IL IL 475183322
Baird & Warner Frankfort
Listed by Baird & Warner Frankfort

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Zoning

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R-1A ResidentialSingle FamilyOne Family Dwelling District
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Last updated Mar 6, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Jared Gordon
License
IL 475183322
Brokerage Phone
7089278460
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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