2552 E Royal Ridge Drive

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2552 E Royal Ridge Drive

Crete, IL 60417
Asking Price
Contact for price
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land parcel spanning 0.59 acres for sale.
  • Property is situated in Crete, Illinois within Will County.
  • Located at 2552 E Royal Ridge Drive in a suburban market.
  • Site offers potential for diverse residential development project types.
  • Well-positioned within the greater Chicago metropolitan area landscape.

What's Special

This 0.59-acre residential land parcel is available for sale at 2552 E Royal Ridge Drive in Crete, Illinois. Situated within a quiet residential submarket of the Chicago metropolitan area, the site provides a blank canvas for custom residential development. Crete features a mix of suburban living and proximity to regional transit corridors, making it an accessible location for prospective homeowners or developers. The dimensions and zoning suitability of this lot accommodate various residential construction projects, ranging from single-family dwellings to specialized home designs. Investors and builders looking to expand their portfolio within the Will County area will find the location well-positioned for future growth. The site benefits from the established infrastructure of the surrounding community while maintaining the scale required for residential development projects.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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