Land Identification
Land identification service specializes in sourcing strategic land parcels for development, assemblage, or build to suit agreements that qualify as like kind replacement properties for Chicago, IL investors. This service focuses exclusively on land assets nationwide to help investors meet their forty five day identification deadline and one hundred eighty day closing requirement.
Our team maintains relationships with land brokers, development specialists, and institutional sellers across all major markets. We provide property underwriting, feasibility studies, and development timeline analysis specific to land assets. The service coordinates with your Qualified Intermediary to ensure proper identification letter structure and works with qualified escrow agents to facilitate compliant closings within the one hundred eighty day window.
Chicago, IL investors benefit from our specialized focus on land properties, which include development sites, assemblage opportunities, and build to suit parcels. We understand the specific requirements for land replacement property identification and can help structure exchanges that comply with IRS like kind rules while meeting investment objectives for development potential and strategic positioning.
What We Include
- •Specialized land parcel sourcing nationwide
- •Development site and assemblage opportunity identification
- •Feasibility studies and zoning analysis
- •Utility and access analysis
- •Coordination with Qualified Intermediary for identification letters
- •Qualified escrow coordination for one hundred eighty day closings
- •Daily deadline monitoring for forty five day and one hundred eighty day milestones
- •Property underwriting summaries specific to land assets
Common Situations
Chicago, IL investor selling commercial property and needs to identify land replacement properties within forty five days
Investor seeking development sites with zoning and utilities in place and needs specialized land sourcing support
Investor with multiple land identification options and needs feasibility analysis to make selection decisions
Example of the type of engagement we can handle
Service Type
Land Identification
Scope
Identify land replacement properties including development sites and build to suit parcels across major metropolitan markets nationwide within forty five day deadline
Client Situation
Investor selling Chicago industrial property and needs to identify land replacement properties with zoning and utilities in place in multiple markets before forty five day deadline
Our Approach
Specialized land sourcing team scanning development site inventory nationwide, providing feasibility studies and zoning analysis, coordinating with Qualified Intermediary for identification letter structure
Expected Outcome
Multiple vetted land replacement property options identified with complete underwriting data and compliance documentation before forty five day deadline
Educational content only. Not tax, legal, or investment advice.
Related Services
Property Identification Concierge
White glove outreach to sponsors, brokers, and developers to secure vetted replacement options.
Learn moreImprovement Exchange
Structure construction proceeds and escrow controls for build-to-suit or value-add strategies within IRS rules.
Learn moreUnderwriting Support
Comprehensive underwriting support for replacement property evaluation and lender requirements.
Learn moreFrequently Asked Questions
What identification rules apply to land identification for Chicago, IL investors?
How does boot affect Chicago, IL investors exchanging into land properties?
Can Chicago, IL investors identify land properties in different states?
What happens if Chicago, IL investors cannot close on identified land properties within one hundred eighty days?
How does land identification help Chicago, IL investors evaluate development potential?
Ready to Get Started?
Contact our team to discuss how Land Identification can support your 1031 exchange in Chicago, IL. We'll help you navigate the 45-day identification deadline and 180-day closing requirement.