16980 Rte 173 Wadsworth, IL 60083
- Land
- 18.50 lot acres
Current Use by Public Records
- Land
Property Details for 16980 Rte 173
- Lot size
- 18.50 lot acres
- Property type
- Land
Description
This exceptional 18.5-acre commercial land parcel presents a unique investment opportunity in Wadsworth, Illinois. Strategically located at the nexus of I-94 and Route 173, this property benefits from high visibility and convenient access to major transportation arteries. The site is zoned Commercial (PUD) and is annexed into the Village of Wadsworth, ensuring a streamlined development process. A special zoning designation, governed by an intergovernmental agreement involving Lake County, Zion, Wadsworth, and Old Mill Creek, permits retail, office, and light manufacturing uses. The property's development potential is further enhanced by its proximity to Centerpoint, which plans to construct a business park in the immediate vicinity, bringing essential utilities to the area. This infrastructure development will significantly increase the value and appeal of the site. Furthermore, there's potential for future improvements to the I-94 and Route 173 intersection, potentially upgrading it to a four-way stop, further enhancing accessibility. The adjacent 19.8 acres offer potential for expansion, providing significant flexibility for large-scale development projects. Detailed due diligence materials are available upon request. This is a rare opportunity to acquire a well-positioned commercial land parcel with significant growth potential in a rapidly developing area. The property's location, zoning, and surrounding infrastructure make it an ideal site for a variety of commercial ventures.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wadsworth
- County
- Lake
- State
- Illinois
- Longitude
- -87.9606
- Latitude
- 42.4675
