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    Nec Gary Ave & Lies Rd Carol Stream, IL 60188

    Sponsored
    For Sale
    $1,750,000

    4.2 Acres, B-3 Zoning, $1.75M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4.2-acre commercial land parcel presents a unique development opportunity in the thriving DuPage County town of Carol Stream, Illinois. Located at the highly visible, fully-lighted intersection of Gary Avenue and Lies Road, this property boasts excellent retail exposure with an impressive daily traffic count of 10,900 vehicles. The site is zoned B-3 with Planned Unit Development (PUD) approval already in place, streamlining the development process. Conveniently situated near major thoroughfares including I-290, I-355, and I-390, this location offers unparalleled accessibility. The asking price is $1,750,000, translating to a land value of $9.57 per square foot. Off-site detention is already arranged, minimizing development complexities. This property is subject to DuPage County taxes and represents a compelling investment prospect for developers seeking a high-traffic, strategically located site in a desirable market. The 60188 zip code ensures easy access to a robust consumer base. Don't miss this chance to acquire a prime piece of commercial real estate in a rapidly growing area.

    Property Features for 0 Nec Gary Ave & Lies Rd

    General Information

    Property type
    Land
    Lot Size
    182,952 SF

    HighLights

    • 4.2‑acre development site.
    • B‑3 zoning with approved Planned Unit Development (PUD).
    • Excellent highway access via I‑290, I‑355, and I‑390.
    • High visibility at a fully signalized intersection.
    • Located in DuPage County with favorable tax rates.
    • Includes off‑site detention system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Carol Stream
    County
    Dupage county
    State
    Illinois
    Longitude
    -88.1202514
    Latitude
    41.9311036

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    FAQs

    What type of property is this?
    Land - 4.2 Acres, B-3 Zoning, $1.75M
    Where is this land located?
    The property is located at Nec Gary Ave & Lies Rd Carol Stream, IL.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: 4.2-acre development site.; B-3 zoning with approved Planned Unit Development (PUD).; Excellent highway access via I-290, I-355, and I-390.
    (630) 317-0721
    Request Owner's contact information
    Nec Gary Ave & Lies Rd Carol Stream, IL 60188
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    Carol Stream, IL 60188
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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
    Nec Gary Ave & Lies Rd Carol Stream, IL 60188
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