Vacant Land - Retail Development

Vacant Land for Sale
Catylist Listing ID: 29999988
Property Subtypes: Office, Retail
Gross Land Area: 6 Acres
Sale Price: $300,000
Unit Price: $50,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/11/2017

Overview / Comments

6 acre parcel that sits approx 1/4 mile East of the SR 51 & US 6 intersection on the North side of US 6. It is on the East edge of very active retail/commercial that includes The Paragon restaurant, Gas Stations and a mix of retail & commercial uses. Direct access to US 6 with City utilities available. This is either a buy/hold investment opportunity or is ideally located for expanded retail uses in the area,

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Lake
Taxing Authority: Lake County
Tax ID/APN: 450921377010000045
Zoning: COMMERCIAL
Property Located Between: US 6 & SR 51
Property Visibility: Excellent
Legal Description: Nob Hill Commercial Estates Lot 5 Ex parcels in the ROW
Largest Nearby Street: US 6
Feet of Frontage: 470
Highway Access: Sits on US 6. 3 miles North to I-94 Freeway
Site Description: Flat parcel
Area Description: On Eastern edge of an active retail/commercial location
Lot Frontage: 480
Lot Depth: 470
Zoning Description: Commercial
Topography: Level
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Sewer
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,639 57,577 116,353
Median Age: 39.26 37.13 36.97
Households: 2,156 22,279 44,238
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