Share This Listing

Message

966 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

16980 Rt 173 18.5 Acres of Commercial Land in Wadsworth, IL 60083

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Located at I-94 and Route 173 with exceptional visibility
  • Conceptual plan includes 228,000 SF facility with 42 docks
  • Utilities include gas, electric, and fiber infrastructure
  • Zoned for retail, office, and light industrial uses
  • Surrounded by CenterPoint’s future business park
  • Strong demographics with high household income and population density

EXECUTIVE SUMMARY

Positioned at the northeast corner of I-94 and Route 173, this expansive 18.5 to 38.3-acre site in Wadsworth, Illinois offers a rare opportunity for developers and investors seeking a high-visibility location with flexible zoning. Annexed into the Village of Wadsworth, the property benefits from a unique intergovernmental agreement with Lake County, Zion, and Old Mill Creek, allowing for a mix of retail, office, and light manufacturing uses.
The site is surrounded by CenterPoint’s planned business park, which will bring full utility access to the area, enhancing development readiness. A conceptual plan includes a 228,000 SF office/warehouse facility with 42 exterior docks, 4 drive-in doors, and 77 trailer stalls, supported by 270 car parking spaces. The property also features significant frontage and visibility, with traffic counts reaching 79,200 VPD on nearby corridors.
Infrastructure is in place with electricity service, AT&T buried cable, and a 36–48” NS gas main. The site’s strategic location near major transportation routes and its potential for future intersection upgrades to a four-way configuration further elevate its appeal. Demographics within a 5-mile radius show strong household incomes averaging over $150,000 and a population exceeding 31,000, supporting a robust labor pool and consumer base.
Due diligence materials, including title insurance and easement documentation, are available upon request.

PROPERTY FACTS

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Industrial
  • Retail
  • Office
  • Distribution
  • Industrial Park
  • Office Park
  • Retail Warehouse
  • Warehouse
Total Lot Size 18.50 AC
No. Stories 2

1 LOT AVAILABLE

Lot

Lot Size 18.50 AC

DESCRIPTION

› Located at the NEC of I-94 and Rt. 173 at the exit › Annexed into Wadsworth and will have a special zoning designation regulated by an intergovernmental agreement with Lake County, Zion, Wadsworth and Old Mill Creek (retail, office and light manufacturing will be allowed) › Surrounded by CenterPoint who will build a business park (will bring utilities to the area) › There is a possibility that the intersection will be improved to a four way in the future › Due diligence materials available upon request

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03-17-200-025
Land Assessment
$20,736
Improvements Assessment
$48,594
Total Assessment
$69,330
  • Listing ID: 22694036

  • Date on Market: 4/9/2021

  • Last Updated:

  • Address: 16980 Rt 173, Wadsworth, IL 60083

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}