The subject property was a 24,000 SF waterfront lot in the exclusive Fountain Hills subdivision within Orland Park. Minutes from I-355, this lot was zoned R4 for 16 apartments, or 16 condos, or approximately 6 townhomes.
Diliberto Real Estate performed accelerated marketing and achieved success with a structured sale within 6 weeks. The auction attracted several prominent builders and developers not just from the SW suburbs, but from across the Chicagoland area. Given its vibrancy and recent rise in economic success, Orland Park has become an ideal suburb for multi-family and single-family development. We used this information to our advantage and generated strong interest in the development parcel to conduct a successful sealed bid auction.