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5818 N 2nd St
Loves Park, IL 61111
Retail Property For Sale
EXECUTIVE SUMMARY
Prime Redevelopment Opportunity – High-Traffic Commercial Site Exceptional Visibility | Zoned CR – Commercial Retail | TIF & Enterprise Zone Seize the opportunity to transform this high exposure commercial parcel with daily traffic counts exceeding 37,000 vehicles – perfect for retail, restaurant, service-based businesses, or mixed-use development. Strategically positioned in a TIF (Tax Increment Financing) and Enterprise Zone, this site overs significant financial incentives for redevelopment. Zoned CR Commercial Retail, it provides flexibility for a wide range of commercial uses. This is your chance to secure a high-visibility location in a pro-development area with built-in economic incentives.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
3,012 SF
Building Class
C
Year Built
1969
Price
$450,000
Price Per SF
$149.40
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.61 AC
Zoning
CR - COMMERCIAL RETAIL
Parking
27 Spaces (8.96 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 11-01-429-004 | Improvements Assessment | $37,169 |
| Land Assessment | $46,746 | Total Assessment | $83,915 |
PROPERTY TAXES
Parcel Number
11-01-429-004
Land Assessment
$46,746
Improvements Assessment
$37,169
Total Assessment
$83,915
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