Approximately 10.04 Acres Total Fully Improved Commercial Land

26760 W. Commerce Drive Volo, IL 60073

26760 W. Commerce Drive, Volo, IL, 60073
26760 W. Commerce Drive, Volo, IL, 60073
FOR SALE Auction Property
Property Type:
Commercial Land Development
Amount:
$2,580,320
Last Verified:
Sep 14, 2020

Make a pre auction offer on all 3 properties as a package or on each individually

Suggested Opening Bid: $2,580,320

Buyer's Premium: 6%

Cooperating Broker's Commission: 2% of Bid Price/Offer Price (before Buyer’s Premium is added)

3 Lots: Approx. 10.04 Acres Total

Address: 26760 W. Commerce Drive, Volo, IL (Lot 3)

2019 Taxes:  $4,085.60 PIN#: 09.02.102.046

Address: 26700 W. Commerce Drive, Volo, IL (Lot 4)

2019 Taxes: $1,623.52 PIN#: 09.02.102.047

Address: Lot 5W does not yet have an address assigned by the US Post Office (PIN # is correct)

2019 Taxes: $865.36 (Estimate) PIN#: 09.02.102.053

2019 Total Taxes: $6,565.48 (3 Parcels)

Master Association Dues: Approx. $11,869.05

Zoning: B-3; PUD

Traffic Count: 29,250 VPD (21,900 VPD, IL RT 120; 7,350 VPD, IL RT 60)

Approximately 10.04 acres total of fully improved commercial land which includes Lot 3 (approx. 6.34 acres). Lots are zoned retail and are desirable frontage location. Lot 4 (approx. 2.42 acres) and Lot 5 West (approx. 1.28 acres). Parcels can be purchased separately or as a package. Developer- Ready offered at only $5.90/ SF. Pad- Ready, public water, sewer, and off-site water detention in place.

This area of Volo is growing both commercially and residentially. Located near the intersections of Route 120 and Route 60, approximately 5 miles West of I-294, at the intersection. The average car count per day is 29,250.

Suggested Opening Bid: $2,580,320.00 Plus 6% Buyer's Premium

Cooperating Broker's Commission: 2% of Bid Price/Offer Price (before Buyer’s Premium is added)

Pre-Auction Bids Highly Encouraged!


Additional URLs

Map of 26760 W. Commerce Drive, Volo, IL, 60073

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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:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • 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.