Property profile

705 Progress Pkwy La Salle, IL 61301

OFF-MARKET
Land
53.81 ac lot
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Property summary

AI-generated overview

This exceptional 53.81-acre industrial land parcel presents a compelling investment opportunity in LaSalle, Illinois. Strategically located just half a mile west of the I-80 interchange and two miles east of the I-80 and I-39 junction, this property boasts over 1700 linear feet of I-80 frontage, providing unparalleled access to major transportation arteries. The site, annexed to the City of LaSalle and zoned for heavy highway industrial uses, offers a level to gently rolling terrain, partially cleared and partially wooded. Mature trees and a stream buffer the property from I-80 traffic along its northern and western borders. Its prime location offers excellent potential for a large-scale freight and logistics facility, capitalizing on its proximity to major interstate highways. Furthermore, the property's size and characteristics make it highly suitable for a substantial solar field development, with Ameren serving as the utility provider. City utilities are readily available, and the flexible city zoning allows for diverse development options. This property is a rare find, combining exceptional location, size, and zoning flexibility for a variety of industrial uses.

Property profile

Verified
Property type Land
Lot 53.81 ac (2,343,964 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

705 Progress Pkwy La Salle, IL 61301
La Salle metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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