551 W Kennedy Road
Braidwood, IL, 60408 $ 1,900,000
Baths0.0 Monthly Estimate*
$ 11,699
Studio for $1,900,000. The lot size is 105.
Rare opportunity to acquire approximately 105 acres in a TIF District located in Braidwood, Illinois featuring a 60 acre lake, a 9,800sf building, and multiple potential use cases for investors, developers, owner-users, and estate buyers. The property offers a unique combination of scale, water amenity, and flexibility, making it well suited for single-family residential development (103AC currently zoned R-1 and B-1 zone for building sites - both incorporated in City of Braidwood), a private estate setting, recreational use, commercial concepts, select industrial users, or a master plan with mixed-use concepts. The site can appeal to buyers seeking a large-scale residential development opportunity with lake-oriented lot potential, as well as those pursuing a private estate with substantial acreage and lake access. The property's scale and existing improvements also create optionality for users looking at commercial or industrial-adjacent uses, subject to zoning, approvals, and buyer due diligence. The offering includes a 9,800sf building for investment or owner-user use, and the building site may be carved out separately from the balance of the land. The building parcel is approximately 1.4 acres, leaving approximately 103.6 acres of remaining land, and the parcels are already on separate PINs, providing added flexibility for acquisition, disposition, or phased development. Subject to offers. One of the sellers is a licensed real estate broker, not affiliated with listing agency.
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FeaturesGeneralUtilities Electric to Site Natural Gas Available Sewer Connected Water Available
Possession Closing
Zoning SINGL
Township Reed
Tax Year 2024
Current Use Commercial Retail Other
Ownership Fee Simple
Additional Parcels Description 0224182010250000 0224182010260000
County Will
Property Type Land Land
Possible Use Commercial Recreational Single Family
Status New
Directions From I-55 head east on Kennedy Rd. The site is on the south side of the road before you reach Division street.
City Braidwood
High School District 255U
MLS Area Braidwood
Tax Annual Amount 22593.28
Additional Parcels Y/N Y
Standard Status Active
Middle/Junior School District 255U
Elementary School District 255U
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InteriorBasement None
Laundry Features None
Total Baths 0
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ExteriorTotal Parking 0
Lot Dimensions Survey available
Lot Size Acres 105
Road Surface Type Asphalt
Frontage Length 962
Frontage Type City Street
Waterfront Y/N Y
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* Excluded FeaturesList Bymike@pillarrealtor.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $11,699
- Monthly Property Taxes
- $1,883
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Braidwood, IL
Average List Price $881,500
Percent of Sale Price 54%
About Braidwood, IL 6,182 Population
17% Since 2002
$ 61,534 Median Income
40.82 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
564776 Elementary School
565124 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/22/2026 | $1,900,000 | | Listed Price |