Property summary
This exceptional 2.04-acre commercial land parcel presents a unique development opportunity in the Village of Lakewood, Illinois. Located at the southwest corner of Congress Parkway and Exchange Drive (APN 19-04-404-001), this property boasts 470 feet of frontage on Congress Parkway, offering excellent visibility and accessibility. The site is zoned B-2: General Commercial, making it suitable for a variety of uses, including medical, professional, or retail developments. A significant advantage is its proximity to the recently completed Residences of Crystal Lake apartment complex, ensuring a built-in customer base and strong potential for synergy. Utilities are readily available on-site, simplifying the development process. Furthermore, its convenient location offers easy access to a Metra station and a major shopping corridor, enhancing its appeal and attracting a diverse clientele. The property also benefits from off-site detention, addressing potential drainage concerns. This property represents a compelling investment opportunity, particularly given the recent drastic price reduction and tax decrease. The asking price is $250,000. Don't miss this chance to acquire a prime development site in a thriving location.
Property profile
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Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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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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