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- LoopNet Team
1601 W Main St
Sleepy Hollow, IL 60118
Sleepy Hollow Self Storage Development Site · Land For Sale · 4.50 AC
Investment Highlights
- Strong Market Rents
- Over 62,500 People living in 3 mile radius
- Good location over 21,000 CPD
- Direct competition and submarket are physically full
PROPERTY FACTS
| Property Type | Land | Proposed Use | Self Storage |
| Property Subtype | Commercial | Total Lot Size | 4.50 AC |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Self Storage |
| Total Lot Size | 4.50 AC |
Description
Great opportunity to develop an outstanding self-storage site. The 4.5-acre location sits on highly trafficked Highway 72, in the Northwest Chicago suburbs, that has in excess of 21,000 vehicles per day driving past. This property plans to feature 320 storage units and will benefit from a dense and growing surrounding population. Just a half mile to the west of this site, there are plans to build 284 townhomes on a roughly 35-acre site. There is no other location that can be approved for self-storage in Sleepy Hollow. The market supply in the 5-mile trade area is significantly below industry averages. The site is down the street from a regional mall that includes a major grocery chain store and it borders a large retail center. The site has incredible visibility, with a traffic signal and one residential lot to the west. The location is surrounded by residential developments with plans for significant expansion.
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