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North Central IL | The town is asking for a strip of land under 3 acres to widen a road from a fairly heavily traveled 2 lane road to a 3 lane. This isn't exactly Naperville here, but the town and land would be considered to have development potential, although the land has never had a for sale sign on it. Brick and mortar is relatively dead, but the town is interested in growth. The town hired an outside appraiser to send its appraisal/offer. It used 3 100+ acre farm sales that based on price, were probably sold as Class B or C rural farmland, to arrive at a similar price per acre offer. I imagine we'll be told the road improvements will raise the value of the land, and that we should be happy we're not paying for it.
Anyone go through this before? Thanks in advance for any wisdom. | |
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Town wants land to widen road
