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7101 S Rittenhouse Dr - $1 Auction – 1.54 AC Walmart & Aldi Outparcel 1.54 Acres of Commercial Land Offered at $102,318 CAD in Pontiac, IL 61764
Investment Highlights
- STARTING BID $7,500 | 1.54 Acre Walmart & Aldi Outparcel | AUCTION JUNE 8-10
- Attractive Demographics with Annual Household Income of ±$83,909 and Population of ±12,664 Individuals (5-Mile)
- Nearby National Retailers: Aldi, Walmart, Dollar Tree, Burger King, Arby’s, Taco Bell, Dunkin, Church’s Chicken, Auto Zone
- ±1.54 Acre Commercial Development Site in Pontiac, IL adjacent to Aldi, Walmart, Dollar Tree, Burger King, Arby’s, Taco Bell, and more
- Visibility on W Reynolds St with ±12,931 Vehicles per Day and Just Off I-55 with ±20,828 VPD
- Favorable B-3, General Business Zoning with Permitted Uses including Retail, Bank, Restaurant, Office, Self-Storage (Special Use Permit)
Executive Summary
Marcus & Millichap is pleased to present a ±1.54-acre commercial development site located adjacent to 701 S Rittenhouse Drive (the “Property”) in Pontiac, Illinois. This Property offers an exceptional investment opportunity to develop a well-located commercial parcel adjacent to Aldi and Walmart.
The Property benefits from visibility just off W Reynolds Street with ±12,931 vehicles per day, providing strong visibility and accessibility. The Property benefits from favorable B-3, General Business zoning that allows for a wide variety of uses including retail, restaurant, bank, office, self-storage (special use permit), and others. Nearby national retailers include Aldi, Walmart, Dollar Tree, Burger King, Arby’s, Taco Bell, Dunkin, Church’s Chicken, and Auto Zone. Due to its strategic location in a strong retail corridor, the Property presents developers with a prime development opportunity with the potential for significant upside.
Pontiac is strategically located in Central Illinois along Interstate 55 serving as a commercial and service hub for Livingston County and the surrounding trade area. The market benefits from regional connectivity, a base of established employers in healthcare, manufacturing, distribution, and retail, and added tourism visibility through its well-known Historic Route 66 presence. Major area employers include OSF Saint James Hospital, Interlake Mecalux, Walmart, and Caterpillar, underscoring the city’s role as a stable employment center within the region. The Property is located in an area that serves 12,664 people with an average household income of ±$83,909 within a 5-mile area further enhancing the area’s retail potential. For commercial real estate investors unfamiliar with the market, Pontiac offers exposure to an established submarket with highway access, local consumer draw, and a diverse economic base.
The Property benefits from visibility just off W Reynolds Street with ±12,931 vehicles per day, providing strong visibility and accessibility. The Property benefits from favorable B-3, General Business zoning that allows for a wide variety of uses including retail, restaurant, bank, office, self-storage (special use permit), and others. Nearby national retailers include Aldi, Walmart, Dollar Tree, Burger King, Arby’s, Taco Bell, Dunkin, Church’s Chicken, and Auto Zone. Due to its strategic location in a strong retail corridor, the Property presents developers with a prime development opportunity with the potential for significant upside.
Pontiac is strategically located in Central Illinois along Interstate 55 serving as a commercial and service hub for Livingston County and the surrounding trade area. The market benefits from regional connectivity, a base of established employers in healthcare, manufacturing, distribution, and retail, and added tourism visibility through its well-known Historic Route 66 presence. Major area employers include OSF Saint James Hospital, Interlake Mecalux, Walmart, and Caterpillar, underscoring the city’s role as a stable employment center within the region. The Property is located in an area that serves 12,664 people with an average household income of ±$83,909 within a 5-mile area further enhancing the area’s retail potential. For commercial real estate investors unfamiliar with the market, Pontiac offers exposure to an established submarket with highway access, local consumer draw, and a diverse economic base.
Property Facts
1 Lot Available
Lot
| Price | $102,318 CAD | Lot Size | 1.54 AC |
| Price Per AC | $66,440.26 CAD |
| Price | $102,318 CAD |
| Price Per AC | $66,440.26 CAD |
| Lot Size | 1.54 AC |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 15-15-28-101-019 | Improvements Assessment | $2,602 CAD |
| Land Assessment | $56,395 CAD | Total Assessment | $58,998 CAD |
Property Taxes
Parcel Number
15-15-28-101-019
Land Assessment
$56,395 CAD
Improvements Assessment
$2,602 CAD
Total Assessment
$58,998 CAD
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7101 S Rittenhouse Dr - $1 Auction – 1.54 AC Walmart & Aldi Outparcel
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