Property summary
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 profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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