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LOT 5,6 & 7 LINCOLN WAY DR. - ELWOOD TOWN CENTER 5.41 Acres of Commercial Land Offered at $399,900 in Elwood, IL 60421

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INVESTMENT HIGHLIGHTS

  • CORNER LOCATION

EXECUTIVE SUMMARY

Excellent Corner Location !! 3 Lots to be sold as one parcel consisting of 5.41 Acres. Zone C-2 ( Community Shopping District /Village of Elwood )Located on Heavily Traveled Illinois Rt. 53 and Mississippi Ave. being the main thoroughfare to town. Great opportunity to be part of Elwood's fast growing community . Come join Elwood's Business District among nearby Dollar General, Newer Commercial Retail Center with some National Tenants and Village Hall. Accessible to Interstate 80 Aprx. 5 miles South and Interstate 55 Interchange via Arsenal Road North and West of the Village. There are 3 concrete Curb-Cuts, Storm Sewers, Pole -mounted lighting and Natural Gas and electrical services are in place. Village of Elwood provides Water and Sanitary Sewer.

PROPERTY FACTS

Price $399,900
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 5.41 AC
Cross Streets MISSISSIPPI AVE.
Zoning C-2 - C-2 Community Shopping District

1 LOT AVAILABLE

Lot 5,6,& 7

Price $399,900
Price Per AC $73,918.67
Lot Size 5.41 AC

3 COMMERCIAL LOTS IN ELWOOD TOWN CENTER AT THE NORTHWEST CORNER OF ILLINOIS ROUTE 53,MISSISSIPPI AVE. AND LINCOLN WAY DR. ZONED C-2 - PART OF A COMMERCIAL DEVELOPMENT , LOTS ARE PLATTED WITH CURB-CUTS ON MISSISSIPPI AVE. & LINCOLN WAY DR.

DESCRIPTION

3 CORNER VACANT COMMERCIAL LOTS IN A PLATTED SUBDIVISION KNOWN AS ELWOOD TOWN CENTER. LOTS ARE ON ILLINOIS ROUTE 53 WHICH IS THE PRIMARY ACCESS FROM NORTH OR SOUTH TO THE AREA. ILLINOIS DEPARTMENT OF TRANSPORTATION ESTIMATED THE AVERAGE DAILY TRAFFIC COUNT ALONG THE SUBJECT'S ILLINOIS ROUTE 53 FRONTAGE TO BE 5,900 VEHICLES A DAY AND THE ESTIMATE ALONG THE MISSISSIPPI FRONTAGE WAS 4,400 VEHICLES

  • Listing ID: 28792856

  • Date on Market: 6/18/2023

  • Last Updated:

  • Address: LOT 5,6 & 7 LINCOLN WAY DR., Elwood, IL 60421

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