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The highest and best use of the site is to demolish the house and sell the site as a commercial lot. The market value would be $225,000 ($250,000 site value minus $25,000 demolition cost). However, if the demolition costs rose to $55,000, the highest and best use would be the existing residential use, because the value as a commercial lot (now ...
The original St. Joseph High School building's classrooms are now vacant since 2007 and the gym was used primarily for athletic facilities from 2007-2021. The entire plot of land including the former St. Joseph building, Christian Brothers residence (also vacant since 2006), and current school are currently under a TIF district for the Village ...
The project had such a strong initial success that the village opened additional community farms on vacant land in the village. As of 1987 Deerfield was mostly made up of single-family houses. As of that year the resale prices of Deerfield houses ranged from $100,000 to $300,000. 43.5% of the town's land consisted of single-family houses, while ...
With Chicago in the northeast, small industrial cities, great agricultural productivity, and natural resources like coal, timber, and petroleum in the south, Illinois has a broad economic base. In 2012 Illinois' 83 breweries and brewpubs employed 1,300 people directly, and more than 45,000 others in related jobs such as wholesaling and retailing.
Sauk Village found success in 2017 with the sale of 32 acres of land that it had owned for years at the Northwest corner of Sauk Trail and Illinois 394. Gas-N-Wash was Sauk Village's first major commercial development in over 30 years which included a $13 million private investment.
Land contract. In contract law, a land contract, (also known as contract for deed or agreement for deed), is a contract between the buyer and seller of real property in which the seller provides the buyer financing in the purchase, and the buyer repays the resulting loan in installments. Under a land contract, the seller retains the legal title ...
Illinois has a maximum north–south distance of 390 miles (630 km) and 210 miles (340 km) east-west. Total area is 57,918 square miles (150,010 km 2), ranked 25th in size of the 50 states. Water area is 2,325 square miles (6,020 km 2); Lake Michigan accounts for most of this. Charles Mound in the northwest Driftless Area is the highest point ...
Wilmette, Illinois. Wilmette is a village in Cook County, Illinois, United States. Bordering Lake Michigan, Kenilworth, Winnetka, Skokie, Northfield, Glenview, and Evanston, Illinois, it is located 14 miles (23 km) north of Chicago 's downtown district. Wilmette had a population of 28,170 at the 2020 census. [3]
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