Centennial Crossings, Orland Park, IL, 60467

Centennial Crossings Orland Park, IL 60467

Centennial Crossings, Orland Park, IL, 60467
Centennial Crossings, Orland Park, IL, 60467 Centennial Crossings, Orland Park, IL, 60467 Centennial Crossings, Orland Park, IL, 60467 Centennial Crossings, Orland Park, IL, 60467
FOR SALE
Property Type:
Other Land
Amount:
Please Call Broker for Price

Last Verified:
Jul 26, 2021

Highlights

  • +/-246 acre commercial development site
  • Approximately 4,630 feet of I-80 frontage
  • 130,000 vehicles per day on I-80
  • The site is currently being annexed into Orland Park
  • Economic incentives are highly likely for the right use
  • Seller possesses over $6-figures of completed due diligence materials for future development

Description

This 246-acre property consists of approximately 246 acres of vacant and undeveloped land. The land site is currently in the process of being annexed into Orland Park. Economic development incentives are highly likely for the proper use. Approximately 10% of the overall land is designated wetlands.

This 246-acre property will soon be annexed into Orland Park. The site is visibly located just north of I-80 with approximately 4,630 ft of frontage.

Lot Size: 246.0 acres

Map of Centennial Crossings, Orland Park, IL, 60467

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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.