Great Buildable Lot Along the Fox River! Zoned for a Single Family Home. Great Location, Close to Everything, Including Montgomery's Village Hall. Come with your Ideas, and build your dream home.
Here's a rare and promising opportunity to acquire 21.77+/-acres of tillable farmland located in a highly desirable area bordering the Village of Montgomery. The property boasts convenient access with approximately 325 feet of frontage along fully paved Spencer Street. The land has historically been utilized for agriculture, with crop rotations between corn and soybeans. The topography is largely level, and benefits from an excellent productivity index (PI) of 143. The soil composition primary consists of Drummer silty clay loam and Dresdin silt loam. For the upcoming year of 2025, the farm tenancy is open, offering flexibility for the new owner. Surrounding the property are a blend of residential homes and businesses to the north and west, while the southern and eastern borders abut agricultural fields. Additionally, the property's northern edge is adjacent to the Virgil Gilman Trail, a popular recreational trail for walking and biking. Notably, a recently constructed 22X42ft metal-sided outbuilding with solar-lighting is conveniently situated in the northwest corner of the property. Subject to proper zoning approval from the county, this site presents an ideal opportunity for development. It is uncommon to find such a large tract of tillable land in close proximity to residential subdivisions, schools, golf courses and public transportation. This property offers a unique combination of tillable farmland, location, access, and development potential, making it an attractive investment opportunity!
The median home value in Montgomery, IL is $297,500. This is higher than the county median home value of $250,100. The national median home value is $219,700. The average price of homes sold in Montgomery, IL is $297,500. Approximately 77.47% of Montgomery homes are owned, compared to 15.01% rented, while 7.53% are vacant. Montgomery real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Montgomery real estate agent to arrange a tour today!
Montgomery, Illinois has a population of 19,187. Montgomery is more family-centric than the surrounding county with 51.64% of the households containing married families with children. The county average for households married with children is 43.85%.
The median household income in Montgomery, Illinois is $84,284. The median household income for the surrounding county is $89,860 compared to the national median of $57,652. The median age of people living in Montgomery is 31.7 years.
The average high temperature in July is 83.9 degrees, with an average low temperature in January of 15.9 degrees. The average rainfall is approximately 38.4 inches per year, with 27.1 inches of snow per year.