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    State Rte 31 Carpentersville, IL 60110

    Sponsored
    For Sale
    $150,000

    1.92 Acres, C-1 Zoning, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 1.92-acre commercial land parcel in Carpentersville, Illinois, presents a prime development opportunity. Located on Route 31 (N. Western Ave.), it boasts 516 feet of frontage, offering excellent visibility and accessibility. The property is situated just north of Main Street, adjacent to the Lincolnwood Manor Subdivision and across from the Raceway Woods East Entrance, ensuring high traffic volume. With a 2022 daily traffic count of 15,703 vehicles on Route 31, this location is ideal for a variety of commercial uses. The C-1 zoning allows for diverse development options, such as a retail strip center or a laundromat. This parcel is also part of the Old Town Redevelopment TIF District, and all utilities are conveniently located nearby. The property's APN is 03-16-276-022. This exceptional location and zoning make this a highly attractive investment opportunity. The asking price is $150,000.

    Property Features for 0 State Rte 31

    General Information

    Property type
    Land
    Lot Size
    83,635 SF

    HighLights

    • 1.92‑acre commercial land parcel in Carpentersville, IL, ideal for development.
    • 516 feet of frontage on Route 31 (N. Western Ave.) provides high visibility and accessibility.
    • High traffic count (15,703 vehicles daily in 2022) due to location near Main Street, Lincolnwood Manor, and Raceway Woods.
    • C‑1 zoning allows for various commercial uses, including retail and laundromats.
    • Located in the Old Town Redevelopment TIF District with readily available utilities.
    • Asking price: $150,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Carpentersville
    County
    Kane
    State
    Illinois
    Longitude
    -88.299615006603
    Latitude
    42.120800479505

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    FAQs

    What type of property is this?
    Land - 1.92 Acres, C-1 Zoning, High Traffic
    Where is this land located?
    The property is located at State Rte 31 Carpentersville, IL.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: 1.92-acre commercial land parcel in Carpentersville, IL, ideal for development.; 516 feet of frontage on Route 31 (N. Western Ave.) provides high visibility and accessibility.; High traffic count (15,703 vehicles daily in 2022) due to location near Main Street, Lincolnwood Manor, and Raceway Woods.
    (224) 634-4476
    Request Owner's contact information
    State Rte 31 Carpentersville, IL 60110
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    Carpentersville, IL 60110
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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
    State Rte 31 Carpentersville, IL 60110
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