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Résumé de l'annonce

Web Video Realty is pleased to present the exclusive opportunity to acquire the Final Phase of the established Cumberland South subdivision in Joliet, Illinois. Representing the heirs of the original developer, John H. Leach, this offering consists of 48 undeveloped residential lots totaling approximately [Insert Acreage] acres. This is a "clean exit" sale of raw land, providing a builder or developer the rare opportunity to control the final inventory in a proven, high-demand residential corridor.
Unlike many infill projects, Cumberland South is an established community with a track record of stable home values and consistent residential demand.
The property is currently raw land.
Infrastructure: No horizontal development has been completed. The purchaser will be responsible for all site work, including the installation of roads, sewer, water, and traditional utilities.
Approval Status: Conditionally approved as of March 2026, allowing a developer to move quickly into the final engineering and permitting stages.
Strategic Location & Economic Drivers
The true value of this site lies in its proximity to two of the largest economic engines in the Will County region:
Joliet Technology Center: Located just minutes away, this $2.1 billion project is a massive catalyst for local growth. As a hub for high-tech industry and data centers, it is projected to bring thousands of high-paying jobs to the immediate area, creating an urgent and sustained need for new residential housing.
Rock Run Collection: This nearby mega-development further enhances the "live-work-play" appeal of the area, providing premier retail, dining, and entertainment options that support high absorption rates for new home construction.
Development Potential
The layout is designed for a traditional residential product that complements the existing aesthetic of Cumberland South. With 48 lots, the project offers enough scale to maximize mobilization costs while remaining manageable for a mid-sized builder or a regional developer.
The property is being offered "As-Is" at a competitive price of $1,200,000. The sellers are looking for a streamlined transaction with a buyer who understands the Joliet development landscape and the requirements for horizontal infrastructure.
Highlights
Final Leach Family Phase: The last remaining inventory of a legacy development.
High Visibility: Strategically positioned to benefit from over $2B in nearby infrastructure and tech investment.
Clean Title & Heritage: Direct representation of the original developer's estate ensures a transparent and professional closing process.
Pro-Growth Municipality: Joliet continues to demonstrate a commitment to supporting residential expansion that services its growing industrial and tech sectors.
Keywords: Use terms like "Infill," "Residential Development," "Data Center Corridor," and "Will County Growth."

Faits sur la propriété

Prix 1 660 920 $ CAD
Type de vente Investissement
Nombre de lots 1
Type de propriété Terrain
Sous-type de propriété Résidentiel
Utilisation proposée Maison unifamiliale
Taille totale du lot 14,00 AC
Zonage R-1 - R-1 (Single-Family Residential). This final phase is situated within a matured residential district. While the site is conditionally approved for 48 r

1 Lot disponible

Lot

Prix 1 660 920 $ CAD
Prix par AC 118 637,14 $ CAD
Taille du lot 14,00 AC

Rare development play: 48 undeveloped lots in Joliet. Final Leach family phase. Raw land requiring all horizontal infrastructure. Strategically located near Rock Run & Tech Center. Offered as-is for a streamlined sale.

Description

The Final Phase of Cumberland South: A Legacy Development Opportunity Web Video Realty is proud to present the final phase of the established Cumberland South subdivision in Joliet, IL. This offering represents the last remaining 48 residential lots held by the heirs of the original developer, John H. Leach. This is a rare opportunity for a builder or developer to acquire a significant block of inventory within a proven, mature residential community. Site Status & Development Potential Lot Count: 48 undeveloped residential lots. Condition: Raw Land. This project is a "horizontal play"—the purchaser will be responsible for all site work, including the installation of roads, sewer, water, and utilities. Zoning: R-1 (Single-Family Residential). Approvals: The site is conditionally approved (as of March 2026), allowing a streamlined path to final engineering and construction. Strategic Location & Economic Drivers The property is perfectly positioned to capture the massive surge in housing demand driven by over $2 billion in regional investment: Joliet Technology Center: Located in the immediate path of progress for this $2.1 billion high-tech hub, which is expected to bring thousands of high-paying jobs to the area. Rock Run Collection: Minutes from premier retail, dining, and entertainment, enhancing the "live-work-play" appeal for future homeowners. Infrastructure: Benefits from over $100 million in local infrastructure and road improvements, ensuring excellent accessibility. Investment Highlights This is a "Clean Exit" sale offered at $1,200,000. The property is being sold As-Is, making it an ideal acquisition for a developer looking to control the final inventory in a high-demand corridor with established home values. Capitalize on the momentum of Will County’s tech explosion by completing the vision of one of Joliet’s most respected residential developments. Pro-Tip for the "Highlights" Section on CoStar: When you fill out the bulleted "Highlights" section, use these three: Final Phase of Cumberland South: 48-lot residential inventory from the Leach Estate. Unprecedented Growth Corridor: Adjacent to the $2.1B Joliet Tech Center & Rock Run Collection. Proven Market Demand: Established R-1 neighborhood with mature values and high absorption potential.

Plutôt praticable à pied
20/100
Exceptionnellement facile d’accès en voiture
90/100
Plutôt praticable en vélo
40/100
  • ID d’inscription: 40120528

  • Date de mise sur le marché: 2026-04-11

  • Dernière mise à jour:

  • Adresse: Cumberland Drive, Joliet, IL 60431

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