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.

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.

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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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