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31828 N US Highway 12
Volo, IL 60073
Retail Property For Sale
Investment Highlights
- Prime location on US Highway 12 with high daily traffic counts.
- Approximately 0.88 acres with ample parking and expansion potential.
- Future reduction in property taxes due to the end of a special assessment.
- Ground-floor retail space with a second-floor apartment convertible to office use.
- Adjacent to Speedway and near the intersection of Route 120 for easy access.
- Strong visibility and accessibility in a growing commercial corridor.
Executive Summary
This property offers a prime retail opportunity along the high-traffic corridor of US Highway 12 in Volo, Illinois. Positioned just north of Route 120 and adjacent to a Speedway gas station, the site benefits from exceptional visibility and accessibility, with thousands of vehicles passing daily. The building features a ground-floor retail space suitable for a variety of uses and an existing second-floor apartment that can easily be converted into office space, providing flexibility for owner-users or investors.
The property spans approximately 0.88 acres, offering ample parking and room for future expansion. Its strategic location in a growing commercial area makes it an attractive option for businesses seeking strong exposure and convenient access to surrounding communities. Additionally, the upcoming termination of a special tax assessment for sewer and water in December will reduce property taxes, enhancing the investment appeal.
With its combination of visibility, adaptability, and growth potential, this property represents a compelling opportunity for retail operators, service businesses, or investors looking to secure a well-located asset in a thriving market.
The property spans approximately 0.88 acres, offering ample parking and room for future expansion. Its strategic location in a growing commercial area makes it an attractive option for businesses seeking strong exposure and convenient access to surrounding communities. Additionally, the upcoming termination of a special tax assessment for sewer and water in December will reduce property taxes, enhancing the investment appeal.
With its combination of visibility, adaptability, and growth potential, this property represents a compelling opportunity for retail operators, service businesses, or investors looking to secure a well-located asset in a thriving market.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,100 SF
Building Class
C
Year Built
1951
Price
$575,000
Price Per SF
$185.48
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.08
Lot Size
0.90 AC
Property Taxes
| Parcel Number | 09-03-200-014 | Improvements Assessment | $46,767 |
| Land Assessment | $119,848 | Total Assessment | $166,615 |
Property Taxes
Parcel Number
09-03-200-014
Land Assessment
$119,848
Improvements Assessment
$46,767
Total Assessment
$166,615
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