150 Courtland Ave Morton, IL 61550
- Commercial real estate
- 3.55 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 150 Courtland Ave
- Lot size
- 3.55 lot acres
- Property type
- Commercial real estate
Description
This exceptional 3.55-acre commercial land parcel presents a remarkable investment opportunity in Morton, Illinois. Ideally situated at 150 W Courtland Avenue, this property boasts approximately 500 feet of frontage, offering unparalleled visibility and accessibility. Its strategic location places it within a half-mile of Interstate 74, providing convenient access for both employees and customers. The site benefits from extremely high traffic counts at the intersection of Courtland and Morton Avenues, ensuring maximum exposure for any development. The property is zoned B-3 (General Commercial), allowing for a wide range of uses. Nearby established businesses include Farm & Fleet, Aldi, and Walmart, creating a thriving commercial environment. The land itself is characterized by level topography, simplifying development and minimizing site preparation costs. The seller is potentially open to a per-square-foot sale price of $14 if the property is subdivided, presenting additional flexibility for potential buyers. This high-profile location, combined with its size and zoning, makes this an exceptional opportunity for retail, office, or mixed-use development. The property's proximity to major roadways and established businesses makes it an ideal location for attracting a diverse clientele.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Morton
- County
- Tazewell
- State
- Illinois
- Longitude
- -89.4667
- Latitude
- 40.628
