A 24.2-acre parcel of land located at a signalized intersection in Volo, IL has been sold for $2 million. The asset is suitable for commercial or mixed-use development, with a concept plan for 171 residential units that require a Planned Unit Development (PUD). The transaction indicates significant development potential in the region.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $2,000,000
• Address: 000 Route 12
• Market: Volo, IL
• Acres: 24.2
• Buyer's Representative: Larry Dickstein - Land Partners, LLC
• Seller's Representative: Bruce Kaplan - Premier Commercial Realty

Representing the buyer in this transaction was Larry Dickstein from Land Partners, LLC, while the seller was represented by Bruce Kaplan from Premier Commercial Realty. Their involvement highlights professional collaboration in facilitating this sale, focusing on its future development opportunities.