Prime Acreage on US 30

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30682273
Property Subtypes: Office, Retail, Other
Status: Pending/Contingent
Gross Land Area: 5.19 Acres
Sale Price: $550,000
Unit Price: $105,973 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/25/2023

Overview / Comments

5.19 Acres of prime Lincoln Hwy (US 30) frontage with service road in place. 242' fronting Lincoln Hwy with an additional access easement out to Colorado Street across from Sams Club and Super Walmart. All utilities are to the service road ready for development. High traffic counts beyond 30,000 ADV, great visibility and dense retail area. Less than 0.5 miles to Southlake mall, 1.2 miles to I-65 interchange. Mixed spot zoning of B-1 & R-2 before city annexation; city officials envision and support B-2 or B-3 (Highway Commercial) reflecting surrounding users.

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Lake
Tax ID/APN: 45-12-24-151-017.000-046
Zoning: SPOT ZONING; B-1/R-2 BUT CITY ENVISIONS B-2 OR B-3 TO CONFORM WITH SURROUNDING USERS
Property Visibility: Excellent
Feet of Frontage: 242
Traffic/Vehicle Count: 30
Site Description: Irregular site with 242' fronting US 30 with a minimum of 45' wide easement to Colorado Street and its lighted intersection. All utilities at frontage road.
Area Description: Located on the north side of Lincoln Hwy (US 30) just east of the lighted intersection of US 30 & Colorado Street; 1.2 miles east of the I-65/US 30 interchange. Surrounded by high density retail including Walmart, Sams Club, Target, Home Depot, 1/2 mile east of Southlake Mall; bracketed by Wendy's and Dunkin Donuts.
Lot Frontage: 242
Zoning Description: Currently spot zoned from before Hobart's annexation; B-1 and R-2. City officials envision and would support B-2 or B-3 zoning to conform with surrounding users.
Easements: Ingress/Egress
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,823 21,949 104,564
Median Age: 34.58 41.33 38.54
Households: 1,331 9,069 40,349
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