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    Illinois Rte 59 West Chicago, IL 60185

    Sponsored
    For Sale
    $699,000

    High-traffic retail lot, 3.94 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional 3.94-acre commercial land parcel presents a unique investment opportunity in West Chicago, Illinois, at the heavily trafficked intersection of Route 64 and Route 59. Zoned B3, this property is ideally suited for retail development, aligning perfectly with the Village's vision for the area. Situated just south of the intersection, the lot benefits from excellent visibility and accessibility, ensuring high exposure to the substantial daily traffic flow. Existing infrastructure includes utilities readily available at the site, eliminating significant upfront development costs. Off-site detention is already in place, simplifying the permitting process. The property is conveniently located east of DuPage County Airport and boasts a thriving retail environment in close proximity, including established businesses such as Dunkin' Donuts, Subway, McDonald's, Dollar Tree, Fifth Third Bank, Steak 'n Shake, and Hardee's. Importantly, there are no Menards restrictions impacting development plans. This prime location, coupled with its size and advantageous zoning, makes this a compelling opportunity for investors seeking high-return retail development in a bustling western suburb of Chicago. The asking price is $699,000. The property's zip code is 60185.

    Property Features for 0 Illinois Rte 59

    General Information

    Property type
    Land
    Lot Size
    171,626 SF

    HighLights

    • High‑traffic corner location in a bustling western suburb.
    • Excellent visibility and accessibility from major thoroughfares.
    • Strong demographics with high population density and significant consumer spending.
    • High‑density residential area with a large pool of potential customers.
    • Abundant parking available for customers and employees.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    West Chicago
    County
    Dupage
    State
    Illinois
    Longitude
    -88.1943952
    Latitude
    41.8929836

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    FAQs

    What type of property is this?
    Land - High-traffic retail lot, 3.94 acres.
    Where is this land located?
    The property is located at Illinois Rte 59 West Chicago, IL.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: High-traffic corner location in a bustling western suburb.; Excellent visibility and accessibility from major thoroughfares.; Strong demographics with high population density and significant consumer spending.
    (630) 674-8424
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    Illinois Rte 59 West Chicago, IL 60185
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Illinois Rte 59 West Chicago, IL 60185
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