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2401 Weld Rd 3.6 Acres of Commercial Land Offered at $1,100,000 in Elgin, IL 60124
Executive Summary
Prime Location:
A Main & Main (A+) location in a high growth area located in an undersupplied market in Elgin, Illinois.
Nearby Self Storage:
Four of the competitors are over 20+ years old and located in inferior locations.
Storage Facilities in the 3-mile radius: 6
Visibility/Traffic counts:
The project is highly visible fronting US Highway-20 and Randall Road. Traffic counts are greater than 30,000 per day and there is ample unmet self-storage demand.
A Main & Main (A+) location in a high growth area located in an undersupplied market in Elgin, Illinois.
Nearby Self Storage:
Four of the competitors are over 20+ years old and located in inferior locations.
Storage Facilities in the 3-mile radius: 6
Visibility/Traffic counts:
The project is highly visible fronting US Highway-20 and Randall Road. Traffic counts are greater than 30,000 per day and there is ample unmet self-storage demand.
Property Facts
| Price | $1,100,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 3.60 AC |
| Property Type | Land | ||
| Zoning | PD Planned Development | ||
| Price | $1,100,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 3.60 AC |
| Zoning | PD Planned Development |
1 Lot Available
Lot
| Price | $1,100,000 | Lot Size | 3.60 AC |
| Price Per AC | $305,555.56 |
| Price | $1,100,000 |
| Price Per AC | $305,555.56 |
| Lot Size | 3.60 AC |
Approved for 105,072 SF building with 75,125 NRSF three-story self-storage facility
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $313,580 | Total Assessment | $313,580 |
Property Taxes
Parcel Numbers
Land Assessment
$313,580
Improvements Assessment
$0
Total Assessment
$313,580
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2401 Weld Rd
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