8005-8050 Underwood Dr
Vacant Land
for Sale
| Catylist Listing ID: |
30797097 |
| Property Subtypes: |
Industrial, Office, Retail
|
| Gross Land Area: |
5.90 Acres
|
| Sale Price: |
$690,000 |
| Unit Price: |
$116,949 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
1/20/2023 |
Overview / Comments
Underwood Plaza is a mixed-use subdivision with a total of 629’ of frontage along U.S. Highway 30. These are shovel ready, subdivided commercial lots with all utilities in place from 2.49 or 3.41 acres which would include Lots 3, 4, 5 & 6. Lots being sold all together for a total of 5.9 acres or Lots 3/4 (3.41 acres) and Lots 5/6 (2.49 acres) together. 285' of frontage on U.S. Highway 30. Lots are ideal for office, retail, automotive services, and some flex light industrial uses. Zoning is presently B-3 commercial; Hobart may consider rezoning to Planned Business Park which expands some of the more flex warehousing type of uses while limiting actual industrial manufacturing.
Located on the northside of U.S. Highway 30, just 2 miles east of the U.S. Highway 30/I-65 interchange, between Colorado and Clay Streets. Good highway access via U.S. Highway 30 to I-65, I-80/94, and I-90. Team Audi. Team Toyota, Harbor Honda, Avalon Banquet Center, Stardust Bowl, Southlake Mall many restaurants, banks, shops, and hotels nearby.
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Additional Details
| Nearest MSA: |
Chicago-Naperville-Elgin |
| County: |
Lake |
| Tax ID/APN: |
45-12-24-252-002.000-046 |
| Zoning: |
B-3 |
| Property Visibility: |
Excellent |
| Feet of Frontage: |
629 |
| Highway Access: |
Located on the northside of U.S. Highway 30, just 2 miles east of the U.S. Highway 30/I-65 interchange, between Colorado and Clay Streets. Good highway access via U.S. Highway 30 to I-65, I-80/94, and I-90. |
| Zoning Description: |
Zoning is presently B-3 commercial; Hobart may consider rezoning to Planned Business Park which expands some of the more flex warehousing type of uses while limiting actual industrial manufacturing. |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
18,501 |
101,974 |
| Median Age: |
41.3 |
38.64 |
| Households: |
7,552 |
39,359 |
|
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