Duffy Road Waterman Project St - Waterman Project by Duffy Road 15 Acres of Commercial Land Offered at $1.38 CAD in Waterman, IL 60556

Large-Scale Residential Development Opportunity – 56 Single-Family Lots
This offering presents a compelling opportunity to acquire a subdivision-scale residential development designed for the construction of up to 56 single-family homes, ideally suited for experienced builders, residential developers, or long-term investors seeking scalable deployment of capital in a growing housing market.
The project has progressed beyond conceptual planning and is now in an advanced pre-development stage, significantly reducing entitlement risk and shortening the timeline to construction. Lot lines and street layouts have been clearly marked in the field, providing a defined physical footprint for the subdivision and allowing developers to visualize build sequencing, access, and infrastructure placement with clarity. This is not raw land speculation; it is a project positioned for execution.
From a technical standpoint, engineering work is substantially underway and nearing completion. Preliminary civil engineering has addressed key development components, including roadway alignment, lot configuration, drainage planning, and utility coordination. The street network has been laid out to support efficient traffic flow, construction access, and long-term neighborhood functionality. These marked streets also enable early coordination with contractors, utility providers, and municipal reviewers, reducing downstream uncertainty.
The subdivision supports 56 buildable lots, each priced at $10,000 per lot, representing a total project acquisition cost of $560,000. This pricing structure offers immediate clarity on land basis and allows developers to model construction costs, absorption rates, and exit pricing with precision. For builders operating in phased construction cycles, the lot count provides flexibility to deliver homes in stages while maintaining economies of scale in materials, labor, and site work.
From an investor’s perspective, the project offers multiple viable exit strategies:
- Build-to-sell with retail disposition of completed homes
- Build-to-rent, creating a portfolio of single-family rental assets
- Phased takedown or joint venture with a regional or national builder
- Horizontal development and resale of finished lots to smaller builders
The scale of the project makes it particularly attractive in an environment where smaller infill opportunities are increasingly competitive, while large master-planned communities often require excessive upfront capital and extended timelines. This development occupies a strategic middle ground: large enough to generate meaningful returns, yet manageable in scope.
Infrastructure planning has been approached with efficiency and cost control in mind. The near-completion status of engineering reduces the risk of redesign, change orders, or unforeseen compliance issues. Developers can step into a project where much of the upfront technical work has already been absorbed, preserving capital for vertical construction rather than entitlement overhead.
Importantly, the subdivision layout has been designed to accommodate modern single-family home typologies, allowing for flexibility in home size, product mix, and pricing strategy. This adaptability enables the developer to respond to market demand—whether targeting entry-level buyers, workforce housing, or mid-market family homes—without structural changes to the subdivision plan.
The project is being offered as a clean sale, with no requirement for seller participation, preferred builders, or restrictive covenants beyond standard municipal requirements. This gives the buyer full control over design, construction methods, scheduling, and branding.
In summary, this is a shovel-ready residential development opportunity distinguished by:
- A defined 56-lot subdivision
- Streets physically marked on site
- Engineering substantially complete
- Clear and attractive land basis of $10,000 per lot
- Multiple development and investment exit strategies
- Reduced entitlement and execution risk
For developers and investors seeking a project where planning has been done, risk has been mitigated, and upside remains, this opportunity represents a strong and timely acquisition. Serious inquiries only. Additional technical documentation, surveys, and engineering materials are available upon request.