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Southwest Illinois | I agree that is possible, but a developer is not going to spend $200K/acre for land for $100K lots. The OP had virtually no additional information. There is vacant land for sale in the Chesterfield valley west of St. Louis for $5-7/foot. We are nearby generally bedroom communities with most residential lot prices selling in the $20-80K range with a few outside that range. Obviously with residential comes some light commercial for dining, shops, gas, etc and those small lots bring lots of money but they are generally looking for very small tracts at those levels. You can be greedy but if you could trade 3 for 1 today and farm that new land for 10 years before you can get 4 for 1 I would say the 3 for 1 deal is probably better today than waiting. We got greedy right before the housing crash when decent housing land was bringing $15K/acre and farm land was $4K. Now land close to town might fetch 20-30% over regular farm land.
Edited by Lookingglass 8/19/2017 10:22
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land sale
