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Local

Geneva offers 7.5-acre city-owned surplus land for sale

Market value of Geneva parcel set at $720k

Geneva aldermen approved offering a vacant parcel of surplus city land for sale, nearly 7.6 acres, with a market value of $720,000. The city will be taking bids and offers until 5 p.m. Dec. 4.
Geneva aldermen approved offering a vacant parcel of surplus city land for sale, nearly 7.6 acres, with a market value of $720,000. The city will be taking bids and offers until 5 p.m. Dec. 4.

GENEVA – Aldermen approved offering a vacant parcel of surplus city land for sale, nearly 7.6 acres, with a market value of $720,000.

Aldermen approved putting the property up for sale at its Nov. 18 City Council meeting.

The irregular-shaped parcel at Kaneville and Lewis roads, south of the Union Pacific Railroad tracks.

The parcel is connected to the Sterling Manor Planned Unit Development. It has multiple family zoning, which allows it to be developed as single family attached or condominiums, records show.

According to a September appraisal done by C.A. Bruckner and Associates, Aurora, stated that it has a reasonable number 45 housing units or nearly six per acre.

The appraisal also noted that the property is landlocked with no direct access to a public roadway if not for an easement over the parcel between it and Lewis Road.

The easement is recorded in the plat of subdivision for Sterling Manor Townhomes Unit 1, granting the city and its successor the right to construct a vehicle way for access, according to the appraisal.

The appraisal also states that the city “retain the services of a professional environmental engineer in order to determine if there are any environmental concerns associated with the subject property.”

City officials have not yet responded to an email question asking whether an environmental engineer was hired and if there are any environmental concerns related to the property.

The appraisal also refers to a 2013 soils test done by The Lighthouse Companies, which found that the soil is substandard and should be excavated to a depth of 7 feet to 7.5 feet.

The property is posted for sale on the city’s website, www.geneva.il.us with a closing time of 5 p.m. Dec. 4.

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