0 Besinger Dr Carpentersville, IL 60110
This exceptional 20.15-acre commercial land parcel in Carpentersville, Illinois, presents a significant development opportunity. Located on L W Besinger Dr and Ball Avenue, this fee-simple property boasts 1,750 linear feet of frontage on L W Besinger Drive and 1,000 linear feet on Ball Avenue. Zoned C-2 General Commercial, it allows for a wide range of uses, including retail centers, medical offices, and even multi-family development (subject to Planning and Zoning Department approval). The site's prime location directly behind the 275,000 square-foot Meadowdale Shopping Center (anchored by Tractor Supply Co., Dollar General, and Ace Hardware), adjacent to a Walmart Supercenter, and across from Carpentersville's municipal offices ensures high visibility and traffic. The area benefits from strong demographics, with over 52,000 people within a 3-mile radius and an average household income exceeding $117,000. Convenient access to major roadways (IL Routes 68, 62, 72, and 31), public transportation (Pace bus line), and numerous amenities further enhances its appeal. The property consists of six contiguous parcels (03-14-274-001, 03-14-426-001, 03-14-426-036, 03-14-426-038, 03-14-426-039, and 03-14-426-040), totaling 877,734 square feet. Currently, portions of the land are leased to the Dundee Township Parks District for recreational use under a lease that allows for termination with 120 days' notice. This prime location offers exceptional potential for a variety of commercial developments. Asking price: $5,900,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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