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LAND - Normal, IL

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.

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Source: Midwest Real Estate Data, LLC, MLS# 12627464
Listing status: Active
Listing last updated: August 3, 2026 at 5:39 PM
Listing last checked: August 3, 2026 at 5:30 PM
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