The StopulosTeam
Description
Rare opportunity for builders and developers to acquire 18 residential parcels in a thoughtfully planned neighborhood in Mendota, a growing community attracting buyers seeking affordability and small-town quality of life. The proposed layout includes a mix of generously sized homesites, with several oversized corner lots ideal for ranch-style homes and wider footprints, while interior parcels are well suited for traditional two-story residences. The plan emphasizes efficient land use, attractive streetscapes, and strong resale appeal while supporting a variety of housing styles that complement the character of the area. An additional advantage for builders: if basements are constructed, excavated soil can potentially be relocated to approximately 14 acres owned by the seller directly across the street, offering a convenient solution for site management. With continued community growth, supportive municipal leadership, and increasing demand from buyers relocating from higher-cost regions, this offering presents a compelling development opportunity in an underserved housing market.
Property Highlights
Property Type: Land - Farm
Total Acres: 4.60 Acres
General Information
County: LaSalle
High School: Mendota Twp High School
Listed By:
Keller Williams Infinity
630-778-5800
MRED MLS
MLS ID: 12589118
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302 16th Street , Mendota, IL 61342.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $650,000 | $650,000 | $650,000 |
| Down Payment | $130,000 | $22,750 | $162,500 |
| Monthly Mortgage Amount | $3,160 | $3,826 | $4,016 |
| Taxes | $905 | $905 | $905 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $286 | $0 |
| Monthly Estimated Total | $4,255 | $5,207 | $5,111 |
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