Hot Picks! Land for Sale in Illinois You Can’t Afford to Miss!
From the serene countryside to the growing suburbs, and an easy access to urban centers—Illinois is an ideal place to invest. Whether you're looking for acreage near Chicago or a peaceful retreat in central Illinois, the options are plentiful.
What’s more? Illinois’ farmland market is thriving with a 2.7% increase in land values. As land for sale in Illinois continues to increase in demand, now is the perfect time to explore your options. Let’s dive into the opportunities waiting for you in the Prairie State!
Why Should You Buy Land for Sale in Illinois?
Land demand in Illinois is on the rise, and it may quickly outpace supply. With farmland values averaging $9,550 in 2024, here's some more reasons for you to invest now:
- Prime Location: Illinois connects the East and West coasts, boosting trade and transport. You’ll benefit from easy access to major highways and O'Hare.
- Diverse Economy: With strong sectors like agriculture, manufacturing, and tech, Illinois offers you stability. Plus, emerging industries like electric vehicles open up exciting growth opportunities.
- Rich Resources: Illinois' fertile soil and natural resources support agriculture and industry. This mix of resources can lead to diverse revenue streams, giving you more ways to profit from your investment.
- Affordability: Land in Illinois is competitively priced, which can give you great long-term value. At $12,097 per acre, it’s an affordable option for smart investors.
- Demand: Urban and rural development is booming, increasing investment potential. New projects mean you can expect solid returns from both urban and rural properties.
- Cultural & Economic Appeal: Chicago’s vibrant arts scene and job market make it an ideal place to live, work, and invest. You’ll enjoy a rich cultural life and strong economic growth.
How is Land Classified in Illinois?
Illinois offers a diverse range of land types suited to your specific needs. It includes, but is not limited to, agricultural plots, residential areas, and commercial spaces. These are some land types depending on the objective of your investment.
- Farmland: Illinois land boasts high soil fertility and a climate well-suited for agriculture, making it ideal for growing crops and raising livestock. This can assure consistent agricultural returns.
- Residential Development: Residential land is categorized by its access to infrastructure, schools, and amenities, making it ideal for family housing. These areas see strong demand, and with home prices up 8% to $285,000 in 2024, it's a solid investment.
- Commercial Land: Commercial land value depends on its location, with urban centers commanding higher prices due to greater demand. You can choose between high-demand areas for quick returns or more affordable spots for long-term growth.
Top Choices: Land for Sale in Illinois
Here are some of the top picks for land for sale in Illinois, specific to various purposes:
- Rockford: Rockford offers affordable residential land options. The average price per acre in this region ranges from $5,500 to $9,000.
- Naperville: Naperville is known for its family-friendly environment and reputed schools. Residential land prices here are higher, typically ranging from $12,000 to $17,000 per acre.
- Peoria: Peoria offers a mix of urban and suburban living. Residential land prices here are moderate, with averages around $5,500 to $9,000 per acre.
- Chicago: As the commercial hub of Illinois, Chicago offers prime commercial land opportunities. The average price per acre in this area is approximately $12,000 to $17,000.
- Aurora: It is one of the largest cities in Illinois, offering commercial opportunities. Land prices here are competitive, with averages around $12,000 to $17,000 per acre.
- Champaign-Urbana: This area is known for its universities and tech startups. Commercial land prices are moderate, typically ranging from $5,500 to $9,000 per acre.
- Rock Island County: Located in the western part of Illinois, this area has fertile land ideal for farming. The average price per acre for farmland in this region is approximately $8,700.
- McLean County: Known as part of the Corn Belt, it is one of the top counties for large-scale agriculture. Farmland prices here average around $8,700 per acre.
- Logan County: This area is perfect for those looking to buy land for farming. It is particularly suitable for corn and soybean cultivation. Farmland prices average about $8,700 per acre.
Should You Invest in Illinois Land for Sale?
Yes, absolutely! The state’s strong agricultural foundation makes farmland a reliable, long-term investment. Plus, both residential and commercial sectors are seeing solid growth, opening up more opportunities.
Be it the thriving suburbs like Naperville, attracting families, or the growing business opportunities in places like Chicago, your investment is bound to pay off. Want to get started? Explore land for sale in Illinois on Houzeo—your future property might be just a click away!