1990 Rte Montgomery, IL 60538
- Mixed-use properties
Current Use by Public Records
- Mixed-use properties
Property Details for 1990 Rte
- Year built
- 1950
- Property type
- Mixed-use properties
Description
This exceptional 1.48-acre (64,469 square feet) commercial lot sits at the northeast corner of Route 30 and Orchard Road in Montgomery, IL, boasting an average daily traffic count of 60,000 vehicles. Its prime location offers unparalleled visibility and accessibility, just minutes from I-80. The property presents a multitude of development possibilities, including but not limited to a gas station with a drive-through convenience store, residential apartments or condos, a car wash, daycare center, billboard advertising, storage facilities, or office suites. Preliminary plans included an 8,889 square foot convenience store with a Dunkin' Donuts, a 3,600 square foot car wash, a 16-pump gas station, and 24 parking spaces, showcasing the scale of potential projects. This site benefits from its proximity to a major development featuring established businesses such as Starbucks, Chase Bank, Walmart Supercenter, Aldi, Dollar Tree, and various daycare centers and restaurants. The property's high traffic volume and strategic location within a rapidly growing area make it a rare and highly desirable investment opportunity. Two adjacent single-family homes are also available for purchase at $145,000 each. Ground lease options are available upon inquiry. This is the last remaining lot in this high-traffic area.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Kane
- State
- Illinois
- Longitude
- -88.2832
- Latitude
- 41.7202
