Property profile

59 Illinois Rte West Chicago, IL 60185

OFF-MARKET
Land
3.94 ac lot
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Property summary

AI-generated overview

This exceptional 3.94-acre commercial land parcel presents a unique investment opportunity in West Chicago, Illinois, at the heavily trafficked intersection of Route 64 and Route 59. Zoned B3, this property is ideally suited for retail development, aligning perfectly with the Village's vision for the area. Situated just south of the intersection, the lot benefits from excellent visibility and accessibility, ensuring high exposure to the substantial daily traffic flow. Existing infrastructure includes utilities readily available at the site, eliminating significant upfront development costs. Off-site detention is already in place, simplifying the permitting process. The property is conveniently located east of DuPage County Airport and boasts a thriving retail environment in close proximity, including established businesses such as Dunkin' Donuts, Subway, McDonald's, Dollar Tree, Fifth Third Bank, Steak 'n Shake, and Hardee's. Importantly, there are no Menards restrictions impacting development plans. This prime location, coupled with its size and advantageous zoning, makes this a compelling opportunity for investors seeking high-return retail development in a bustling western suburb of Chicago. The asking price is $699,000. The property's zip code is 60185.

Property profile

Verified
Property type Land
Lot 3.94 ac (171,626 SF)

Cap rate & NOI

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

Location

59 Illinois Rte West Chicago, IL 60185
West Chicago metro
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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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