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    OFF-MARKET
    Land

    705 Progress Pkwy, La Salle, IL 61301

    53.81 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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