32.5 Acres in New Berlin, IL - $1,750,000
Investment, Recreational And Development Property Bordering Centennial Park
Here is an excellent opportunity to own a very unique investment, recreational and development property just 5 minutes west of Springfield. This property is bordered by Centennial Park on two sides giving you significant privacy. As you enter the property from the south off of Bunker Hill Road, there are two homes. Conveniently located in the middle of the property is a 2-acre stocked pond that was recently dredged for depth and clarity. To the north and south of the pond are open areas surrounded by timber that could easily be developed into wildlife food plots for hunting, wildlife viewing or residential development. The deer and turkey population is excellent in this area. There have been numerous sightings of large mature trophy whitetail bucks on the property, which is a huge bonus for someone looking for an outstanding long-term investment to enjoy before development. The topograph...
Here is an excellent opportunity to own a very unique investment, recreational and development property just 5 minutes west of Springfield. This property is bordered by Centennial Park on two sides giving you significant privacy. As you enter the property from the south off of Bunker Hill Road, there are two homes. Conveniently located in the middle of the property is a 2-acre stocked pond that was recently dredged for depth and clarity. To the north and south of the pond are open areas surrounded by timber that could easily be developed into wildlife food plots for hunting, wildlife viewing or residential development. The deer and turkey population is excellent in this area. There have been numerous sightings of large mature trophy whitetail bucks on the property, which is a huge bonus for someone looking for an outstanding long-term investment to enjoy before development. The topography throughout the property makes it highly desirable for the wildlife with large agriculture fields bordering the west side. The tree farm business is currently 10 +/- acres of the property and is sustaining an annual return of $100K. That is 3% ROI year in and year out based on the listing price, with a lot of room for growth. This property has great potential for future home development. North and east of the property is the ongoing development of Centennial Park Place, which is a higher-end residential community with upscale homes. This is a beautiful tract for an estate setting or to develop a subdivision in a very high-end area. It is not very often that you see properties like this one offering a Central Midwest location close to Springfield. To learn more about this property or to schedule a private showing, please give me a call!
Property Features:
- 5 minutes west of Springfield
- 5 minutes north of I-72
- 2 hours north of St. Louis
- Excellent investment and recreation opportunity
- Country residential development potential
- Centennial Park borders the east, north, and west sides of property
- Existing and developing Centennial Park Place Subdivision borders the property to the north and east
- Paved road frontage on the south boundary of the property
- Gravel driveway access from Bunker Hill Road
- 2-acre stocked pond recently dredged
- Currently being utilized as a commercial tree farm
- 3% return on investment with growth potential
- Tree farm currently providing annual income of $100k
- 2 homes -1600 sq. ft. 3 bedroom, 2 bath ranch and 600 sq. ft. 2 bedroom, 1 bath park model
- Several outbuildings utilized as tree farm equipment storage
- Excellent deer and turkey hunting
- Annual taxes $3,105
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