Property summary
This exceptional 17.6-acre parcel, located at 488 IL Route 116 in Germantown Hills, Illinois (zip code 61548), presents a significant development opportunity. The property boasts substantial frontage on the four-lane paved IL Route 116, offering excellent visibility and accessibility. Zoned for commercial use, this land is ideal for a variety of projects, including retail establishments or multifamily/senior housing developments. The property's APN is 08-28-301-043. Public sewer is available. The seller is willing to consider dividing the property, making it suitable for smaller-scale projects as well. This is one of the last remaining large commercial acreage tracts in the area. The location offers significant advantages, including access to a major thoroughfare and the potential for village incentives. This is a rare opportunity to acquire a substantial piece of land in a desirable location with excellent development potential. The property is individually owned. Consider the possibilities this prime location offers for your next commercial venture.
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
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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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