How to buy land in Illinois: 10 things you need to know

If you’re looking at Illinois land for sale, you’ve come to the right place. With over 12.8 million residents and plenty of diversity, this state has experienced economic growth over the last decade. So, if you’re looking for a piece of land for sale as either an investment or for your family, look no further than Illinois.

  1. Why buy land in Illinois?

Are you looking to buy land in Johnson County? Or perhaps some real estate in a neighborhood in Carroll County?

Just like Texas, Illinois has a lot of space! And, by space we mean land. Now, this isn’t your baren boring kind of land. No, this is a buyer’s dream. There’s plenty of life and opportunity for everyone.

Why Choose Illinois

Land in the United States is not as expensive as it used to be. With the rise of the internet and a growing economy, the cost of land has dropped dramatically. In fact, you can now buy land for as little as $50,000. This is a huge deal for people who want to start a business or buy a house.

Today, you can buy land in many different ways. You search through some listings on online land auction sites and bid on the land. You can also buy land through a real estate agent or broker. The best way to buy land is to research and find a property you like.

  1. The best places to buy land in Illinois

With over 4,000 acres up for grabs, Alexander County is perfect for hunters, farmers, or city folk looking to experience the countryside. It’s full of life, ponds, and lakes.

Montgomery County, Fulton County, and Macon County offer buyers a great opportunity to invest in acres of land. It can be a great area for those looking to start their own ranch or for buyers simply looking to invest. The average price of a 35-acre property is approximately  $400,000.

McDonough County, Hamilton County, and Mclean County are other excellent counties for buyers interested in rural land. The average homes in this county range from $100,000 to $250,000. Of course, factors influencing prices include the acreage and current land prices.

The real estate market in Jefferson County and Colchester is booming! This lovely area is best suited for families interested in living in a suburban area. And it’s affordable! In fact, the average cost of four-bedroom, two-bathroom ranges from $80,000 to $149,000.

Iroquois County, Clay County, and Vermilion CountyThere are plenty of rural lands here! These counties are perfect for buyers interested in raising livestock, developing ranches, or even growing pasture.

Ford County & Cook County offer acres of rural undeveloped land, farmland, and countryside to buyers looking to develop land.

Gibson County’s economy is based primarily on agriculture, forestry, and service industries. The area also produces some cattle and soybeans. The main source of recreation in Gibson County is fishing and hunting.  This state county is full of farms and rural land, perfect for a buyer interested in escaping city life. The cost of land for sale ranges from $149,500 to $500,000 for a few acres.

Washington County offers friendly neighborhoods and farmland perfect for buyers looking to purchase a family-friendly home. The beauty of this county is the value it offers! Hundreds of acres are up for grabs, with plenty of opportunities to build your dream ranch or farm. And, did we mention the spectacular views? It’s definitely the place to be if you want to purchase high value land.

  1. How to buy land in Illinois

Buying land in Illinois can be complicated. There are many factors to consider, and it’s important to do your research before deciding.

1) Know the costs of buying and selling property in your area. Land value will depend on a few factors, including the price per acre. For example, a few acres of land in Williamson County & Lawrence County can cost anywhere from $20,000 to $1,000,000.

2) Research the laws related to buying and selling property.

3) Determine if you can access the time and money needed to complete the transaction.

4) Consider what type of property you want to buy and whether it will fit into your plans for the future. Be sure to go through all house and land listings. Talk to your real estate agent or land broker to determine the type of property best suits your lifestyle.

5) Select a reputable real estate agent who can answer any questions you might have about buying or selling property.

  1. The process of buying land in Illinois

Buying land in the U.S. is a once-in-a-lifetime opportunity that requires careful planning. Before making the purchase, make sure you can afford it, have the time and money to complete all necessary paperwork, and know which type of property you want. Finally, gather all your information and discuss it with a reputable land broker.

Most Affordable Properties and Land in Illinois?

Counties with the Best Rural Land?

  1. The benefits of buying land in Illinois

It doesn’t matter if you own a farm, a field, or a house – land in Illinois is an investment. And, like most investments, its continued growth can equal great benefits.

So, what are the benefits of owning property or even a plot of land in Illinois?

  • Buy and Hold: Land appreciates in value over time, especially with local development and economic improvements within the area. So if you buy a few lots of land now, you could sell it for double its value in the next few years.
  • Leasing your land can generate a profit: In order to generate a profit, land owners can choose to lease their land out to farmers or even hunters.
  • It’s yours to enjoy: If you own land in Illinois, then it’s yours to enjoy. Build a ranch, raise some livestock, or simply enjoy its beauty.
  1. The drawbacks of buying land in Illinois

There are drawbacks to buying land in Illinois. Some of which include:

  • Ongoing maintenance: 

    To keep your home up to par, you’ll need to be on top of its condition especially if you want to appeal to a seller. Although location is everything! It’s important to remember that land owners must maintain the beauty of their land. This may include trimming trees, managing pests like gophers, opossums, and skunks, and even maintaining its landscape.

  • You won’t get your money back straight away: 

    Owning land is a is a long-term investment and that’s the beauty of it. You won’t get your money back if you sell it straight away. Most experienced landowners wait for a few years for the value of their land for sale to increase.

  • Costs: 

    Yes its a dream to be the owner of land. But, the process to purchase land is no easy task. You’ll need to ensure you have plenty of capital aka money, before you begin signing the documents.

  1. What to do with your land in Illinois once you’ve bought it?

There are a lot of things you can do with the land you purchase. Here are just a few common things buyers choose to do.

  • Make it a hunting ground:

    If you’ve bought rural land then chances are you’re going to see a lot of wildlife, including the American rabbit, groundhog, turkey, or raccoon. Some buyers may also choose to purchase land with a pond so they can enjoy a little fishing.

  • Build a farmhouse or barn: 

    If you’ve got a keen interest in raising horses or livestock and if you know the condition of your land. Then you can convert your land into a farm or ranch for your animals.

  1. How to care for your land in Illinois

It doesn’t matter if you own some farm ground in Edwards county or if you own some real estate in Franklin County. Land care is an important factor that can influence the value of your property.

Land care is maintaining, improving, and protecting your land. It includes things like fertilizing, weeding, mowing, pruning, mulching, and other practices that can help to keep your land healthy and productive.

Ranch Land In Illinois

  1. The different types of land available for purchase in Illinois

When it comes to finding land for sale, it’s important to learn about the different types of land available for purchase in Illinois.  Here we’ll cover some of the different listings you may come across in each county.

Agricultural and residential land are the two main types of land for sale in Illinois. Agricultural land is used for farming, while residential land is used for housing and other purposes. Agricultural land tends to be more expensive than residential land, though it is possible to find less expensive agricultural land. Residential land can also be more expensive than agricultural land.

Land for Sale Pike County

Land for sale in Kane and Pike includes farms, ranches, and residential homes. Land for sale here is more expensive relative to other parts of the state, including Crawford County and Clark County.

In Kane County, the average cost of farmland ranges from $750,000 to a million for a few acres. In comparison, the average cost of farmland in Pike County ranges from $75,000 to $500,000 for a few acres.

Land for Sale in Jasper County

From the cheeky coyote to the sly fox, Jasper County offers a  buyer the opportunity to escape from city life. Its real estate market is hot, making it a perfect choice for small families.

Land for Sale in Edgar County

Edgar County isn’t all farmland! It’s not the best place to sow crop or build ranches. But, it offers friendly and diverse neighborhoods. It features an exceptional landscape and exceptional homes,  the sort of things you’d only see in dreams.

So, if you want to escape the city and avoid those dreaded building sites, then be sure to choose this rural area.

  1. Frequently asked questions about buying land in Illinois

How much does an acre of land cost in Illinois?

The land value in Illinois is high, especially compared to other states. An acre of land can range from $5,000 upwards to $10,000. Of course, value depends on location and the economy of the area.

Is land expensive in Illinois?

Land and real estate are most expensive in Saint Clair County, Marion County, and Peoria County. Here you can expect to pay a high price for ranches, farms, and houses. The average cost of a large plot can range from $500,000 to $1,000,000.

Where can you find the best land for sale in Illinois? 

Current purchase hot spots include:

Most Affordable Land for Sale in Illinois?

Best Counties for Land Development?

Best Rural Land for Sale in Illinois?

If you’re looking for hunting land or if you’re simply looking for something with a beautiful view. Then consider buying land in these counties: