10-20 Acres for Industrial Development

33W300 Route 38 Geneva, IL 60134

33W300 Route 38, Geneva, IL, 60134
33W300 Route 38, Geneva, IL, 60134
FOR SALE
Property Type:
Other Land
Amount:
$3,175,000
Last Verified:
Feb 26, 2021

Highlights

  • 10-20 acre development site
  • Annexed to the city of Geneva
  • Concept plan approved by City
  • 1,177 ft frontage on Rt 38
  • Multiple curb cuts
  • Generally level topography
  • Business park to the north

Description

19.96 acres of land. Divisible to 10 acres. Well-located for industrial development. Significant frontage on Rt 38. A concept plan was approved in May 2020 by the City of Geneva, subject to rezoning from B4 to I1. This would allow 235,000 sf or more of industrial buildings on the site with access from Rt 38. Annexed in 2003. Most of the site is currently farmed and includes two vacant old houses & several farm buildings. Three existing curb cuts onto Rt 38. 2019 Taxes: $11,359

On north side of IL Rt 38 (State St / Roosevelt Rd) between Kirk Rd & Kautz Rd, and just west of the Rt 38 bridge over the Union Pacific Railroad at Kautz Rd.

Approx. 1 mile south of DuPage County Airport at eastern edge of both Geneva Township and Kane County. Immediately west of the City of West Chicago and DuPage County. The area is part of a major office/industrial corridor. An established industrial park borders the site to the north.

Lot Size: 19.96 acres

Map of 33W300 Route 38, Geneva, IL, 60134

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.