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    Gary Ave & Lies Rd Carol Stream, IL 60188

    Sponsored
    For Sale
    $849,900

    5.16 Acres, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.16-acre commercial land parcel in Carol Stream, Illinois, presents a remarkable redevelopment opportunity. Located at a fully signaled intersection on Gary Avenue and Lies Road, this property boasts excellent visibility and high traffic counts exceeding 10,000 vehicles daily. Its strategic location offers easy access to major interstates (I-290, I-355, and I-390), ensuring convenient access for customers and employees. The B-2 zoning allows for a diverse range of commercial uses, including restaurants, retail shops, service businesses, and even medical offices. The Village of Carol Stream encourages commercial development in this area, prioritizing pedestrian-friendly designs that complement the surrounding community. This site's potential is further enhanced by its proximity to planned bike paths, creating opportunities for businesses catering to outdoor enthusiasts. Low DuPage County taxes add to the financial attractiveness of this investment. The property's frontage on Gary Avenue is ideal for smaller-scale retail, while slightly set-back locations could accommodate medical facilities. This is a rare chance to acquire a highly visible and versatile commercial property in a thriving Illinois community. The asking price is $849,900. Don't miss this opportunity to build your business in a prime location.

    Property Features for 0 Gary Ave & Lies Rd

    General Information

    Property type
    Land
    Lot Size
    224,770 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Carol Stream
    County
    DuPage
    State
    Illinois
    Longitude
    -88.1202514
    Latitude
    41.9311036

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    FAQs

    What type of property is this?
    Land - 5.16 Acres, High Traffic Area
    Where is this land located?
    The property is located at Gary Ave & Lies Rd Carol Stream, IL.
    What is the asking price?
    The asking price for this property is $849,900.
    Request Owner's contact information
    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
    Gary Ave & Lies Rd Carol Stream, IL 60188
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