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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.
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
1 LOT AVAILABLE
Lot
| Lot Size | 18.50 AC |
| 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
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PROPERTY TAXES
| Parcel Number | 03-17-200-025 | Improvements Assessment | $48,594 |
| Land Assessment | $20,736 | Total Assessment | $69,330 |
PROPERTY TAXES
Parcel Number
03-17-200-025
Land Assessment
$20,736
Improvements Assessment
$48,594
Total Assessment
$69,330
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16980 Rt 173
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