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43W407 Route 20 - Development Opportunity

1.7 Acres of Commercial Land Offered at $889,000 in Pingree Grove, IL 60140

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Investment Highlights

1.7 Acres Commercial
Residential Development Adjacent

400 Feet of Frontage on Route 47
Rental Income

Property Facts

Price	$889,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial
No. Lots	1	Total Lot Size	1.70 AC
Property Type	Land

Price	$889,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial
Total Lot Size	1.70 AC

1 Lot Available

Lot

Price	$889,000	Lot Size	1.70 AC
Price Per AC	$522,941

Price	$889,000
Price Per AC	$522,941
Lot Size	1.70 AC

Development opportunity. 1.7 acres with approximately 400 feet of frontage on busy Route 20

Description

Attention all commercial investors and developers! There is a NEW opportunity for assemblage with an adjacent land parcel to enhance development potential. The combined parcels provide almost three acres to build on with 400' of frontage on Highway 20 and access via Thurnau Road. The adjacent one acre parcel could possibly deliver engineered to satisfy detention requirements. The Village is supportive of commercial development at this location. Prime location with excellent frontage exposure just west of IL47 and IL20 in Hampshire/Pingree Grove. Surrounded by new residential construction with side street access to town home community to the south. High demand for convenience shopping, pharmacy, retail services. Currently 3 buildings on the property equipped with utilities and business tenants. Leasing month to month. One apartment on upper level of main building.

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