113 And County Line Rd, Carbon Hill, IL 60416

Property Details for 113 And County Line Rd

Lot size

20.00 lot acres

Property type

Land

Description

Diamond Point Commercial Center presents a unique investment opportunity in a rapidly growing area of Will County, Illinois. This 20-acre developed out-lot property, located at the northeast corner of IL Route 113 and County Line Road in Diamond (zip code 60416), is zoned B-3 and boasts a prime location within a thriving market. The site currently features a successful KFC/Taco Bell, exceeding projected performance by 50%. With a significant market gap of $214,283,000, this property offers substantial potential for retail and commercial development. The area is experiencing significant growth, fueled by industrial warehouse development to the north and established manufacturing. The property benefits from high traffic counts, with over 39,000 vehicles per day on nearby I-55 (less than a mile away) and 11,100 VPD on Route 113. The site plan offers flexibility, including additional out-lots planned along Route 113, a planned 7,200 square foot retail center (Lot 7), and approximately 9 acres available for development north of the out-lots. Four full access points, plus a right-in/right-out access point, ensure convenient access. Utilities including sewer, water, storm sewer, detention, gas, and electric are all on-site. The property is situated within the Diamond Tax Increment Financing (TIF) district and Enterprise Zone, offering potential economic incentives. The average household income in the area is $70,664, and the median age is 40.6, serving a local population of 28,500 and a larger market area of over 41,000. The site's stormwater detention is located in the northeast corner, providing an open space amenity. The APN is 03-17-31-300-015. Route 113 is scheduled for widening to I-55, further enhancing accessibility and visibility.

Location Insight

City

Carbon Hill

County

Will

State

Illinois

Longitude

-88.2424

Latitude

41.2889