Hwy 40 & Commerce Ln Highland, IL 62249
Property Lookup
Property profile & analytics
Hwy 40 & Commerce Ln Highland, IL 62249
- Mixed-use properties
- 1,131,253 SF
- 0.80 lot acres
Location Intelligence
Current Use by Public Records
- Mixed-use properties
Property Details for 0 Hwy 40 & Commerce Ln
- Lot size
- 0.80 lot acres
- Property size
- 1,131,253 SF
- Property type
- Mixed-use properties
- Property subtype
- Land
Description
This exceptional offering presents a unique opportunity to acquire shovel-ready land parcels in Highland, Illinois, ideally situated near major transportation arteries and amenities. The property encompasses a total of 1,131,253 square feet across various lot sizes ranging from 0.8 to 26 acres. Underground utilities, roads, and water detention are already in place, significantly reducing development time and costs. The land is zoned for industrial use, allowing for a diverse range of development possibilities, including office, flex/warehousing/distribution, retail, and service centers. Strategic location offers easy access to St. Joseph's Hospital (1.5 miles) and Interstate 70 (5.5 miles). Build-to-suit and leaseback options are available. Pricing varies by lot size, ranging from $1.90 to $5.95 per square foot. Specific lot sizes and pricing are as follows: Lots 1-4 (17 acres, $1.90/sf), Lots 5-6 (4.9 acres, $5.95/sf), Lots 8-9 (2.47 acres, $4.50/sf), Lot 10 (0.8 acres, $3.00/sf), and Lot 11 (0.8 acres, $3.00/sf). The property is vacant and ready for immediate development. This is an unparalleled opportunity for investors and developers seeking a prime location with significant upside potential. The APN is 01-1-24-06-00-000-004.001. The property is held under single ownership.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Highland
- County
- Madison
- State
- Illinois
- Longitude
- -89.692
- Latitude
- 38.742
