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Commercial Land at Signalized Intersection
For Sale
$750,000
Pending

6950 E Riverside Blvd, Loves Park, IL 61111

One-acre redevelopment site with access to major roads and proximity to an interstate interchange.

Property SizeContact for details
Days on Market844

Property Features for 6950 E Riverside Blvd

General Information

Standard status Pending
Property subtype Land

Taxes and HOA fees

Annual Taxes $16,826
Listing Agency: Flanagan Realty, LLC
Listed By: Daniel Flanagan · License #471000084
Source: Exprealty
Added: Jun 26, 2024 Changed: Oct 16 Last Checked: Oct 16 at 2:44PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Flanagan Realty, LLC

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Investment Insights

Based on property information with market context.

This commercial land offering includes a 1-acre former gas station site positioned at the signalized intersection of Riverside Blvd and McFarland Rd. The property is suited to redevelopment, with its existing commercial-site context and placement along a busy thoroughfare.

Access to regional routes is a key physical attribute: the site is less than 1 mile from the I-90 interchange and one block from the Perryville Road intersection. The property is located at 6950 E Riverside Blvd in Loves Park, Illinois.

Key Highlights

  • 1‑acre former gas station site
  • Signalized intersection at Riverside Blvd and McFarland Rd
  • Less than 1 mile to the I‑90 interchange

Property Analytics

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Current Use

bp Gas Station It’s Personal Gym & Fitness Center

Suggested Use

Top Pick Big Box & Wholesale Store Law Firm HVAC Service Auto Parts Store Garden Center Storage Facility

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

Location Intelligence

Trade Area within ½ mile

597
Businesses Nearby
208k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 63% Apparel 25% Shops & Services 12% Home Improvements & Furnishings 1%
Blain's Farm & Fleet Apparel
51,243 visits/mo 0.4 miles
McDonald's Dining
35,414 visits/mo 0.1 miles
Culver's Dining
24,080 visits/mo 0.2 miles
Chipotle Mexican Grill Dining
20,012 visits/mo 0.2 miles
Starbucks Dining
19,521 visits/mo 0.3 miles

Demographics for 61111, IL

23,028
Population
10,248
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
92%
High-School Grad
14.2 sq mi
ZIP Area
1,622
Density / Sq Mi
$58,391
Median Household Income
$42,751
Median Earnings
$1,101
Median Rent
$143,700
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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Commercial land - One-acre redevelopment site with access to major roads and proximity to an interstate interchange.
Where is this commercial land located?
The property is located at 6950 E Riverside Blvd Loves Park, IL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1‑acre former gas station site; Signalized intersection at Riverside Blvd and McFarland Rd; Less than 1 mile to the I‑90 interchange
More about this property
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