- Lincolnway Crossing LLC (LCLLC) has purchased approximately 534 acres of farmland located directly in the path of future growth.
- The plan is to increase value by completing annexation and zoning (entitlements), and sell the asset to builders and commercial developers as the market continues to recover.
- The property is located in unincorporated Kendall and Will Counties in the southwest corridor of the
- Chicago metropolitan market and is contiguous to the Village of Oswego on the west and is 1.5 miles from the city limits of Naperville to the east.
- The site is adjacent to Oswego East High School, as well as an elementary and middle school.
- The site is located approximately 2 miles from major retail.
- According to Metrostudy, the Chicago region market is expected to experience a residential lot shortage in the near future as the market continues to recover.
- LCLLC has retained Tracy Cross and Associates to conduct a market study and it concluded the following:
- “Location of the subject property is considered excellent”
- “Oswego Market Area has represented one of the strongest housing markets in the entire Chicago region”
- “Site is at the cusp of future growth and development.
Plan
- The property is currently being rented as a row crop farm. This revenue will fund ongoing costs such as taxes and entitlements.
- Annexation to the Village of Oswego is currently being negotiated and is supported by the Village’s comprehensive plan. This process once completed will result in obtaining the right to develop specific land uses on the property. As a result, the market demand for the asset and the value of the asset should be increased.
This is not an offer for sale but for information only. Qualified individuals and institutions should seek a copy of the Private Placement Memorandum directly from Lincolnway Crossing LLC.