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31535 N US Highway 12
Lakemoor, IL 60073
Retail Property For Sale
Investment Highlights
- Water is located on the north side of the property on Route 120. Sewer is located on the west side of Route 12.
Executive Summary
Prime Commercial Development Opportunity - 14.2 Acres Located at the bustling intersection of Rt 120, Rand Road (Rt 12), and Gilmer Road, this expansive 14.2-acre site (9.3 acres + 4.9 acres) offers unmatched visibility with a daily traffic count exceeding 50,000. Zoned C3 Regional Commercial District, the property supports
a wide range of business uses, making it an ideal location for new dealerships, quick-service restaurants (QSRs), strip centers, or mid-size box stores. The site features a six drive-through bays equipped with 4-ton cranes, and twelve electric doors with 16-ft clearance for seamless access. With invested in recent renovations, including a tube heat system throughout, this property is ready for development or expansion. Positioned in a thriving commercial corridor, this prime location offers incredible potential for businesses seeking maximum exposure. Don't miss the chance to secure this premier investment opportunity!
The information provided herein was obtained from sources believed reliable; however, Peter J. Poulos Real Estate makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice.
a wide range of business uses, making it an ideal location for new dealerships, quick-service restaurants (QSRs), strip centers, or mid-size box stores. The site features a six drive-through bays equipped with 4-ton cranes, and twelve electric doors with 16-ft clearance for seamless access. With invested in recent renovations, including a tube heat system throughout, this property is ready for development or expansion. Positioned in a thriving commercial corridor, this prime location offers incredible potential for businesses seeking maximum exposure. Don't miss the chance to secure this premier investment opportunity!
The information provided herein was obtained from sources believed reliable; however, Peter J. Poulos Real Estate makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
30,671 SF
Building Class
B
Year Built/Renovated
1959/2024
Price
$12,258,904 CAD
Price Per SF
$399.69 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.05
Lot Size
14.20 AC
Zoning
B-2 - For neighborhood businesses, retail. automotive and commercial uses along arterial streets.
Parking
50 Spaces (1.63 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Wheelchair Accessible
- Storage Space
- Air Conditioning
Property Taxes
| Parcel Number | 09-03-203-006 | Improvements Assessment | $296,561 CAD |
| Land Assessment | $1,726,322 CAD | Total Assessment | $2,022,884 CAD |
Property Taxes
Parcel Number
09-03-203-006
Land Assessment
$1,726,322 CAD
Improvements Assessment
$296,561 CAD
Total Assessment
$2,022,884 CAD
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