Lennar CalAtlantic Group Purchases 84.38 Acres Of Land In South Elgin For $6.5 Million

84.38 acres of residential land located at 325 Umbdenstock Road in South Elgin, Illinois, was transacted for $6.5 million. The property is situated in a market with significant potential for residential development.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $6,500,000
• Buyer: Lennar/CalAtlantic Group
• Seller: Spohr Family Trust
• Brokers: John Cassidy, Jay Farnam & Kenneth Franzese - Lee & Associates

The buyer, Lennar/CalAtlantic Group, self-represented in this transaction, acquiring the property from the Spohr Family Trust, which was represented by brokers from Lee & Associates. The transaction was completed on August 25, 2025, showcasing the ongoing activity in the real estate market of South Elgin.