This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

NWC S. Farrel and W. Oak Ave

180 Acres of Residential Land in Lockport, IL 60441

INVESTMENT HIGHLIGHTS

  • Proposed commercial, multifamily and single family development with 633 dwelling units
  • Concept plan approved
  • Divisible
  • Engineering estimates of land development costs available
  • 7,900 VPD exposure on Briggs Street

EXECUTIVE SUMMARY

Serenity Landing is a 183.6+/- acre parcel with 633 dwelling units proposed, consisting of single-family lots, as well as townhome and apartment buildings. The proposed development is divided into four units or phases, consisting of:
• Unit 1 – 67 single family lots, located at the northerly portion of the parcel, south of Bruce Road
• Unit 2 – 240 apartment units, located at the westerly portion of the parcel, east of Briggs Street
• Unit 3 – 181 townhome units, located in the middle portion of the parcel, north of Oak Avenue, and consists of an easterly portion with 64 units and a westerly portion, consisting of 117 units
• Unit 4 – 145 single family lots, located at the southeasterly portion of the parcel, north of Oak Ave and west of Farrell Road
In addition to the residential units, the proposed development includes:
• A 5.3+/- acre public park site
• Over 36 acres of passive open space, which includes the Fraction Run Creek corridor and a proposed meandering multi-use/bike path
• A site for a club house and associated amenities
• A future 1.8+/- acre commercial area
• Local pocket parks
Final plats of subdivision, final engineering plans and final landscape plans are being provided for each respective residential unit referenced above, which in total will include the entire 183 acre parcel. In addition to plans for the onsite improvements, plans are also being provided for the following:
• Bruce Road improvements, to include a west bound left turn lane into the site at the intersection with Geneva Avenue
• Briggs Street improvements, including a left turn and right turn/deacceleration lane at the Fox Hollow Drive access to the site, as well as left turn lanes for south bound and north bound traffic at the Oak Ave intersection
• A new Oak Avenue pavement widened to 24 feet in width, with adjacent shoulders, along the entire frontage of the parcel
The submittal of documents to governmental agencies for the project review and approval process includes:
• City of Lockport – Final Plat of Subdivision, Development/PUD Plan, Final Engineering and Annexation Agreement approvals
• Will County Division of Transportation – Briggs Street Improvements
• Illinois Department of Natural Resources, Office of Water Resources – review and permit for miscellaneous grading within the Fraction Run Creek flood plain
In addition to the above, permits from the Illinois Environmental Protection Agency will be necessary. These permit applications, which require City of Lockport signatures, will be submitted after receipt of applicable approvals from the City.

PROPERTY FACTS

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 180.00 AC

1 LOT AVAILABLE

Lot

Lot Size 180.00 AC

180±AC on the NWC of S. Farrel & W. Oak Ave in Lockport. Proposed concept plan features 1.77± AC at the southeast corner of Fox Hollow Drive and South Briggs Street for commercial development, with remaining site divided into four proposed units.

DESCRIPTION

180±AC located on the northwest corner of S. Farrel and W. Oak Ave in Lockport. Proposed concept plan features 1.77± AC at the southeast corner of Fox Hollow Drive and South Briggs Street for commercial development, with the remaining site divided into four proposed units, consisting of multifamily, townhomes, and single family homes. Plan includes a clubhouse, dog park, public park, multiple playgrounds and a community pool.

ZONING

Zoning Code C2, O2, R1, R2, R3
C2, O2, R1, R2, R3
  • Listing ID: 32274789

  • Date on Market: 27/06/2024

  • Last Updated:

  • Address: NWC S. Farrel and W. Oak Ave, Lockport, IL 60441

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}