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222 W Main St 0.93 Acres of Commercial Land Offered at $1,299,000 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: 40,510 sq. ft. land area**
- You can build approximately 34,200 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 | $1,299,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.93 AC |
| Price | $1,299,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.93 AC |
1 LOT AVAILABLE
Lot
| Price | $1,299,000 | Lot Size | 0.93 AC |
| Price Per AC | $1,396,801.23 |
| Price | $1,299,000 |
| Price Per AC | $1,396,801.23 |
| Lot Size | 0.93 AC |
40,510 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 | $67,784 | |
| Land Assessment | $104,720 | Total Assessment | $172,504 |
PROPERTY TAXES
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222 W Main St
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