111 Watters Dr Dwight, IL 60420

Property Details for 111 Watters Dr

Lot size

5.00 lot acres

Property type

Commercial real estate

APN

05-05-08-277-004

APU

50508277004

Description

This exceptional 17,000-square-foot commercial property, situated on a five-acre lot in Dwight, Illinois, presents a unique investment opportunity. Previously operating as a car dealership, the building boasts state-of-the-art construction and meticulous upkeep. The property features a substantial 46,800-square-foot paved and lighted parking lot, ensuring ample space for vehicles. Its strategic location offers excellent visibility from Interstate I-55 at Route 17 exit 217, benefiting from high daily traffic counts: 20,800 vehicles on northbound I-55, 1,000 vehicles at I-55 217 NB Exit, and 5,100 vehicles on Route 17 entering Dwight from I-55 (per IDOT). The building itself includes a 6,720-square-foot showroom with track lighting, a 1,500-square-foot office space with six offices and three restrooms, and handicap accessibility. Additional features include a parts department, a heated drive-through bay accommodating numerous vehicles, a three-vehicle heated wash bay with a parts manager's office, multiple storage areas, six lift stations, and 440-volt electric service. The property's versatility allows for various uses, such as a Buy Here Pay Here used vehicle dealership, distribution center, storage facility, or farm implement facility. The Village of Dwight offers potential incentives, including tax abatement and a revolving loan fund. The asking price is $2,195,000, with a price per square foot of $129.12. The property is currently vacant and zoned B1. This is a rare opportunity to acquire a well-maintained, high-traffic commercial property with significant potential. The property is located at 111 Watters Dr, Dwight, IL 60420. It's only 35 miles from the Elwood Intermodal Rail Yard.

Location Insight

City

Dwight

County

Livingston

State

Illinois

Longitude

-88.4436

Latitude

41.089

CBSA code

38700

CBSA name

PONTIAC, IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments