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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
- High-visibility location next to a major intersection, ensuring excellent exposure.
- Located in a TIF (Tax Increment Financing) district
- High Traffic Volume: Approximately 29,300 vehicles pass by daily, ensuring excellent visibility and exposure for your development.
Executive Summary
**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 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Redevelopment Project | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 2.16 AC |
| Price | $2,598,750 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 2.16 AC |
1 Lot Available
Lot
| Price | $2,598,750 | Lot Size | 2.16 AC |
| Price Per AC | $1,201,421.87 |
| Price | $2,598,750 |
| Price Per AC | $1,201,421.87 |
| Lot Size | 2.16 AC |
94,223 sq. ft. property with 3 lots: vacant building, parking lot, and tenant-occupied home. Located in a TIF district near a major intersection, it offers high visibility and exceptional development potential.
Description
This 94,223 sq. ft. property offers a rare opportunity for development, featuring three lots that include a vacant building, a parking lot, and a tenant-occupied residential home. Located in a TIF district near a major intersection, the property boasts high visibility and significant potential for commercial use. The city is committed to supporting improvements, offering assistance with demolition and access creation. Positioned across from a major development with a 130-unit high-rise apartment building, this site is ideal for a hotel, car wash, strip mall, or a single large establishment. Rough design plans for a strip center are also available, making this a prime location for investors and developers.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $76,792 | |
| Land Assessment | $64,523 | Total Assessment | $141,315 |
PROPERTY TAXES
Presented by
A-Perfect Climate, Inc
222 W Main St
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