Agricultural Lot for Commercial Auction? - Posted by IL Investor
Posted by IL Investor on June 19, 2005 at 20:12:03:
Looking for advice on how to best prepare for an auction I’m planning on holding on a piece of property locally. I’m actually selling the property for an out of area owner who just wants it sold and I’ll be acting as an agent in this situation earning a commission based on the final price.
My question is primarily this… Right now the property is zoned Agriculture even though it borders 2 pieces of commercial property ajacent to it and across the street from it. The lot is small but borders a fairly busy intersection that would surely draw some traffic to the spot, but I don’t know if being agriculturally zoned is going to be a big problem or not.
How does one get a property converted from Agriculture to Commercial? Would the auction go down differently if we leave it zoned Agriculture?
Any and all thoughts are appreciated.