This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/15
$1,900,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/15
Property Description
Rare opportunity to acquire approximately 105 acres in a TIF District located in Braidwood, Illinois featuring a 60 acre lake, a 9,800sf building, and multiple potential use cases for investors, developers, owner-users, and estate buyers. The property offers a unique combination of scale, water amenity, and flexibility, making it well suited for single-family residential development (103AC currently zoned R-1 and B-1 zone for building sites - both incorporated in City of Braidwood), a private estate setting, recreational use, commercial concepts, select industrial users, or a master plan with mixed-use concepts. The site can appeal to buyers seeking a large-scale residential development opportunity with lake-oriented lot potential, as well as those pursuing a private estate with substantial acreage and lake access. The property's scale and existing improvements also create optionality for users looking at commercial or industrial-adjacent uses, subject to zoning, approvals, and buyer due diligence. The offering includes a 9,800sf building for investment or owner-user use, and the building site may be carved out separately from the balance of the land. The building parcel is approximately 1.4 acres, leaving approximately 103.6 acres of remaining land, and the parcels are already on separate PINs, providing added flexibility for acquisition, disposition, or phased development. Subject to offers. One of the sellers is a licensed real estate broker, not affiliated with listing agency.
Full Property Details
Full Property Details for 551 W Kennedy Rd
General
- Price: $1,900,000
- Taxes: $22,593 (2024)
- Status: Active
- Type: Lots/Land
- Source: MRED
- MLS ID: 12625948
- Updated: 4/22/2026
- Added to Site: 2 day(s) ago
Interior
- Basement: None
Location
- Area: Braidwood
- County: Will
- Township: Reed
- Driving Directions: From I-55 head east on Kennedy Rd. The site is on the south side of the road before you reach Division street.
School Information
- School District: 255U
- Elem School District: 255U
- Midd School District: 255U
- High School District: 255U
Utilities
- Onsite: Electricity to Site, Natural Gas Available, Sewer Connected, Water Available
Structural Information
- Basement Desc.: None
- Square Feet: 105
- Current Bldg. Use: Commercial, Retail, Other
Lot Features
- Lot Size (Acres): 105
- Lot Size (Sq. Ft.): 105
- Lot Size Range: 100 or More Acres
- Lot Dimensions: 105AC
- Frontage: City Street
- Frontage Feet: 962
- Street/Road Desc.: Asphalt
- Potential Use: Commercial, Recreational, Single Family
- Zoning: SINGL
Water Features
- Water Front: Yes
- Water Front View: Back of Property
Financial Considerations
- Tax Amount: $22,593.28
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: List Broker Must Accompany
- Property ID: 224182000210000
Listed by Pillar Realty LLC
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 551 W Kennedy Rd
School District:Reed Custer Community Unit School District 255u
| Name | Grades | Distance |
|---|---|---|
Reed-Custer Intermediate School 162 South School Street, Braidwood, IL 60408 | PK-5 | 0.4 mi |
Reed-Custer Middle School 407 Comet Drive, Braidwood, IL 60408 | 6-8 | 1.3 mi |
Reed-Custer High School 249 Comet Drive, Braidwood, IL 60408 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 551 W Kennedy Rd
Date
Details
Price
Change
Source
4/21/2026
Listed
$1,900,000
90%
MLS
12/13/2024
Sold
$1,000,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 551 W Kennedy Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,227
8%
$194,255
12%
2023
$12,276
10%
$173,986
10%
2022
$11,117
—
$157,882
5%
2022
$11,117
9%
$150,694
6%
2020
$10,156
5%
$142,770
6%
2019
$9,632
13%
$134,816
14%
2018
$8,515
2%
$117,969
2%
2017
$8,372
2%
$115,656
3%
2016
$8,183
2%
$111,853
3%
2015
$8,020
1%
$108,965
—
2014
$7,913
—
$108,965
-6%
2013
$7,896
—
$116,540
-5%
2012
$7,929
—
$122,352
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 551 W Kennedy Rd
551 W Kennedy Road, Braidwood, IL 60408 (MLS# 12625948) is a Lots/Land property with a lot size of 105 acres. 551 W Kennedy Road is currently listed for $1,900,000 and was received on April 21, 2026. Want to learn more about 551 W Kennedy Road? Do you have questions about finding other Lots/Land real estate for sale in Braidwood? You can browse all Braidwood real estate or contact a Coldwell Banker agent to request more information.

