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222 W Main St

2.16 Acres of Commercial Land Offered at $2,598,750 in Carpentersville, IL 60110

Investment Highlights

  • 29300 cars per day

Executive Summary

**Listing for Sale: Total of 3 lots include the Vacant Building, Parking Lot, and Residential Home**
**Total Area: 94,223 sq. ft. land area**
- You can build approximately 67,500 square feet
**Property Highlights:**
- Includes a vacant building, a parking lot, and a residential home currently rented to a tenant (please do not disturb the tenant).
- Located in the TIF (Tax Increment Financing) district.
- The city is committed to supporting property improvements and is willing to assist in any way possible.
- Highly visible location next to a major intersection, offering excellent exposure.
- Opportunity to demolish the vacant building and rental home, with city assistance available for demolition and creating access points (ingress and egress) to the property.
- Situated across the street from a significant development featuring a high-quality 130-unit apartments ranging from 550-1300 sf.high-rise apartment building.
- Ideal for constructing a Hotel, Car wash, strip mall, or a single large establishment.
**Additional Information:**
- Rough design plans for building a strip center are available (see attached 2D plan).
This prime location presents a fantastic opportunity for development. Contact us today for more details and to schedule a viewing.

Property Facts

Price $2,598,750
Sale Type Investment
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 2.16 AC

1 Lot Available

Lot

Price $2,598,750
Price Per AC $1,201,422
Lot Size 2.16 AC
  • Listing ID: 32133869

  • Date on Market: 6/14/2024

  • Last Updated:

  • Address: 222 W Main St, Carpentersville, IL 60110

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