550 Water St
Chester, IL 62233
Land For Lease

Position your operations at 550 Water Street, a premier industrial waterfront site in Chester, Illinois. This 24.6-acre property offers unmatched logistical advantages with 5,200 linear feet of Mississippi River frontage and direct rail access via Union Pacific, making it ideal for bulk loading and unloading. Formerly a barge port, the site includes two permitted docks and a permitted railroad crossing, ensuring seamless multimodal connectivity. Strategically located at mile marker 108 on the Mississippi River, the property provides easy access to IL Route 3 and proximity to major freight corridors, enhancing supply chain efficiency. Water depths range from 6 to 14 feet, accommodating commercial barge traffic outside the main river channel for safer operations. Utilities are fully on-site, including water, sewer, gas, and electric, supporting immediate development or expansion. Chester’s economic development programs offer compelling incentives such as natural gas tap fee waivers, property tax abatements, and enterprise zone benefits, creating a cost-effective environment for industrial users. With the Mississippi River’s proven fuel efficiency—moving one ton of cargo 514 miles per gallon—this site delivers sustainability and scale for businesses handling grains, coal, petroleum, or construction materials. Lease options include $2,000 per acre per month or $30 per lineal foot for riparian rights, providing flexibility for operators seeking riverfront control. Whether for fleeting, transloading, or long-term industrial use, 550 Water Street stands as a rare opportunity to secure a high-capacity, multimodal hub in the heart of America’s inland waterway system.