23906 Frontage Rd Channahon, IL 60410-3289
- Commercial real estate
- 1.00 lot acres
Current Use by Public Records
- Rapid Light Truck and Utility Trailer Repair / Auto Repair Shop / Trailer Repair Shop
Property Details for 23906 Frontage Rd
- Lot size
- 1.00 lot acres
- Property type
- Commercial real estate
- APN
- 04-10-09-200-003
- APU
- 41009200003
Description
This exceptional commercial property, located at 23906 S Frontage Road in Channahon, Illinois, presents a unique investment opportunity. Boasting an impressive 208 feet of frontage directly visible from Interstate 55, this 1-acre plus lot offers unparalleled visibility and accessibility. The property includes three buildings totaling approximately 5,002 square feet, all serviced by electric and gas utilities. The C-3 zoning allows for a wide range of commercial uses. A substantial gravel parking area provides ample space for customers and employees. Building A, encompassing 943 square feet, is ready for immediate renovation, offering a blank slate for customization. Building B, the largest structure, is equipped with a private water well and septic system, supporting two restrooms. This property is ideal for investors seeking a high-traffic location or owner-occupiers looking to establish or expand their business in a thriving area. Its prime location and versatile buildings make it a compelling opportunity in the Village of Channahon (Will County). The high visibility from I-55 ensures significant exposure to a large volume of daily traffic. Don't miss this chance to acquire a strategically positioned commercial property with significant potential.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $140,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $140,000
- 6.5%
- $135,000
- 7%
- $150,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $125,000
- Geo Method
- $120,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $145,000
- Retail
- $120,000
- Mixed-Use
- $140,000
- Hospitality
- $140,000
- Educational
- $130,000
- Residential Income
- $120,000
- Energy
- $150,000
- Income-Based Land
- $130,000
- Food Service
- $145,000
Location Insight
- Map
- Local Demand
- City
- Channahon
- County
- Will
- State
- Illinois
- Longitude
- -88.1964
- Latitude
- 41.4489
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
