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Flex Space With Drive-Through Bay

101 Watters Drive, Dwight, IL 60420

For Sale
$1,990,000

Commercial Sale, Dwight, IL

Property Size17,000 SF
Lot Size5.00 Acres
Price / SF$117.06
Days on Market385

Property Features for 101 Watters Drive

General Information

Property type Commercial Sale
Property subtype Retail
Zoning COMMR
Directions I55 Exit 217 MM, property on East Side of Overpass easily visible by interstate traffic.
Subdivision Dwight
Standard status Active
APN 050508226009
Lot size 5.00 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 34559

Utilities

Cooling system Central Air

Amenities

heated drive-through bay
heated wash bay
440 electric service
showroom
office suite
parts department
storage rooms
paved and lighted parking lot

Building Details

Year built 1993
Floors in Building 1
Number of units 1
Flooring type Carpet, Concrete
Buildings 1
Listing Agency: WEB VIDEO Realty
Listed By: Michael O'Donnell · License IL #471009539
Added: Oct 22, 2025 Changed: Oct 25 Last Checked: Nov 10 at 2:06PM
MLS# 12501953

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 17,000-square-foot flex facility occupies a 5-acre site and was built in 1993. The former automotive dealership includes a 6,720-square-foot showroom, a 1,500-square-foot office suite with six private offices and three restrooms, a parts department, storage rooms, and ADA accessibility. A heated drive-through bay, three-vehicle heated wash bay, and 440 electric service support demanding commercial operations. The property also has central air and carpet and concrete flooring.

Located at 101 Watters Drive in Dwight, the site offers frontage along Route 17 with access to Interstate 55 at Exit 217. A 46,800-square-foot paved and lighted parking area provides substantial room for vehicles, equipment, or inventory. The property is 35 miles from the Port of Entry Elwood Intermodal Rail Yard and offers access to the I-55, I-80, and I-39 transportation network.

Key Highlights

  • 17,000 SF building on a 5‑acre site
  • 46,800 SF paved and lighted parking lot
  • 6,720 SF showroom plus 1,500 SF office suite

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Law Firm Hair Salon Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20,800 VPD
Traffic count
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

153
Businesses Nearby
Well-served
Demand for This Use

Demographics for 60420, IL

4,701
Population
2,002
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
93%
High-School Grad
96.7 sq mi
ZIP Area
49
Density / Sq Mi
$68,184
Median Household Income
$38,973
Median Earnings
$984
Median Rent
$161,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Frequently Asked Questions

What type of property is this?
Flex space - Adaptable commercial facility with heated service bays, showroom, offices, and paved parking.
Where is this flex space located?
The property is located at 101 Watters Drive Dwight, IL.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: 17,000 SF building on a 5‑acre site; 46,800 SF paved and lighted parking lot; 6,720 SF showroom plus 1,500 SF office suite
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