8955 Teal Lane, Wilmington, IL 60481

Active · For Sale · Land

$79,888

8955 Teal Lane, Wilmington, IL 60481

Property Overview

Experience waterfront living all year long in the highly sought-after Wildfeather Subdivision on the Kankakee River! This exceptional 0.39-acre lot offers a rare opportunity to build your custom dream home in one of the area's most desirable riverfront communities, located within the highly rated Coal City School District. Enjoy approximately 50 feet of channel frontage complete with a dock and natural shoreline protection. Based on current setback requirements (10 feet from each side and 50 feet from both the front property line and the water), the property offers an estimated buildable footprint of approximately 60' x 73', providing ample space for a spacious custom home. Launch your boat at the private boat launch and enjoy access to the Kankakee River. Conveniently located just minutes from I-55 and approximately one hour from downtown Chicago, this property offers the perfect combination of peaceful waterfront living and easy accessibility. HOA dues: $675 per year. *NOT located in a flood zone* Whether you're looking to build a year-round residence or a weekend retreat, this property offers an incredible opportunity to enjoy the best of…

Investor Resource

Property Intelligence

Financial Snapshot

Annual Taxes
$614 (2025)

Property Details

Lot Size
16,988 SF
Lot Acreage
0.39
Lot Dimensions
83x199x86x200
Parcel Number
0601229068

Operations & Utilities

Utilities
Electricity Nearby, Natural Gas Nearby
Possession
Closing

Location & Use

County
Grundy
Market Area
Wilmington
Township
Goose Lake
Potential Use
Single Family
Frontage
Private Road

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.