Prime Development Land at Rt 20 & Rt 59

SWC Route 20 & Route 59 Bartlett, IL 60103

SWC Route 20 & Route 59, Bartlett, IL, 60103
SWC Route 20 & Route 59, Bartlett, IL, 60103
FOR SALE
Property Type:
Other Land
Amount:
$1,700,000
Last Verified:
Apr 08, 2021

Highlights

  • 11.02 Acres Development Site
  • Excellent visibility on Route 20 (802')
  • Good access to Route 59
  • Ideal for Mixed Use, Retail, Multi-Family or Hospitality Development
  • Village Incentives Available

Description

11.02 acres available for commercial development (contract pending for 6.68 Acres). Potential for a variety of uses including car dealership, hotel, multi family, mixed use development, grocery, fuel station, and other retail uses. Property has a water and sewer to the site with gas & electric nearby. Access to Lake St. and Route 59 via potential street extension.

The property is located across from the Jain Society of Metropolitan Chicago, and less than 5 miles from BAPS Swaminarayan Mandir making this an ideal location for hotel, restaurant and banquet facilities.

Potential for assemblage with adjacent parcels for development site in excess of 50 acres with full access to Rt 59 and Route 20.

Property is located at the southwest corner of Route 20 and Route 59 in Bartlett, IL. The site has strong visibility from Route 20 and excellent access to strong traffic on Route 20 (40,600 vpd) and Route 59 (42,100 vpd).

Lot Size: 11.02 acres

Map of SWC Route 20 & Route 59, Bartlett, IL, 60103

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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.