Prime 17,000 sq ft auto facility, 5 acres, high traffic.
Property size:
17,000 SF
Description
Added:
Dec 11, 2024
Days on Market:
392
This exceptional 17,000-square-foot commercial property, situated on a five-acre lot in Dwight, Illinois, presents a unique investment opportunity. Previously operating as a car dealership, the building boasts state-of-the-art construction and meticulous upkeep. The property features a substantial 46,800-square-foot paved and lighted parking lot, ensuring ample space for vehicles. Its strategic location offers excellent visibility from Interstate I-55 at Route 17 exit 217, benefiting from high daily traffic counts: 20,800 vehicles on northbound I-55, 1,000 vehicles at I-55 217 NB Exit, and 5,100 vehicles on Route 17 entering Dwight from I-55 (per IDOT). The building itself includes a 6,720-square-foot showroom with track lighting, a 1,500-square-foot office space with six offices and three restrooms, and handicap accessibility. Additional features include a parts department, a heated drive-through bay accommodating numerous vehicles, a three-vehicle heated wash bay with a parts manager's office, multiple storage areas, six lift stations, and 440-volt electric service. The property's versatility allows for various uses, such as a Buy Here Pay Here used vehicle dealership, distribution center, storage facility, or farm implement facility. The Village of Dwight offers potential incentives, including tax abatement and a revolving loan fund. The asking price is $2,195,000, with a price per square foot of $129.12. The property is currently vacant and zoned B1. This is a rare opportunity to acquire a well-maintained, high-traffic commercial property with significant potential. The property is located at 111 Watters Dr, Dwight, IL 60420. It's only 35 miles from the Elwood Intermodal Rail Yard.
Property Features for 111 Watters Dr
General Information
Property type
Automotive properties
Square Feet
17,000 SF
Lot Size
217,800 SF
Building Details
Buildings
1
Stories
1
HighLights
$2,195,000 asking price for a vacant 17,000 square foot retail building.
Located on 5 acres in Dwight, IL, zoned B1.
Features a 6,720 sq ft showroom, 1,500 sq ft office space, parts department, heated bays, and lift stations.
Excellent visibility from I‑55, with high daily traffic counts.
Potential for various uses, including auto dealership, distribution center, or storage facility.
Automotive property - Prime 17,000 sq ft auto facility, 5 acres, high traffic.
Where is this automotive property located?
The property is located at 111 Watters Dr Dwight, IL.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: $2,195,000 asking price for a vacant 17,000 square foot retail building.; Located on 5 acres in Dwight, IL, zoned B1.; Features a 6,720 sq ft showroom, 1,500 sq ft office space, parts department, heated bays, and lift stations.
Request Owner's contact information
111 Watters Dr Dwight, IL 60420
Message sent successfully
Error
If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
111 Watters Dr Dwight, IL 60420
Message sent successfully
Error
Email to Your Friends
Message sent successfully
Error
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
111 Watters Dr Dwight, IL 60420
More about this listing
111 Watters Dr, Dwight, IL
Michael O'Donnell
Contact Person
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Request price
111 Watters Dr, Dwight, IL
Michael O'Donnell
Contact Person
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Property Records & Analytics
111 Watters Dr, Dwight, IL
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Request Owner's contact information
111 Watters Dr, Dwight, IL
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Current Estimation by Request
111 Watters Dr, Dwight, IL
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Send Message
to 111 Watters Dr Dwight, IL 60420
111 Watters Dr, Dwight, IL
Michael O'Donnell
Contact Person
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Google sign-in failed. Please try again or use another login method.