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North State Street Route 15 - 22.6 Acre Multi-Family & Retail Site 16.59 Acres of Commercial Land Offered at $1,042,752 CAD in Freeburg, IL 62243
INVESTMENT HIGHLIGHTS
- Adjacent to new Dollar General Market and surrounded by retail amenities
- 550 feet of frontage on Route 15 with 11,400 daily traffic
- All utilities available on site including water, sewer, gas, and electric
EXECUTIVE SUMMARY
22.60 Acre Development Site; Previously approved for Multi-Family by the Village of Freeburg. Located next to the New Dollar General Market. All Utilities located on site.
Ideal location for Multi-Family, Hotel, Retail, or Office Site. Located on Route 15 with 550' of Frontage and 11,400 ADT.
Ideal location for Multi-Family, Hotel, Retail, or Office Site. Located on Route 15 with 550' of Frontage and 11,400 ADT.
PROPERTY FACTS
| Price | $1,042,752 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 16.59 AC |
| Property Type | Land | ||
| Zoning | Agriculture/Multi-Family - Agriculture | ||
| Price | $1,042,752 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 16.59 AC |
| Zoning | Agriculture/Multi-Family - Agriculture |
1 LOT AVAILABLE
Lot
| Price | $1,042,752 CAD | Lot Size | 16.59 AC |
| Price Per AC | $62,854.27 CAD |
| Price | $1,042,752 CAD |
| Price Per AC | $62,854.27 CAD |
| Lot Size | 16.59 AC |
The front 3 acres, priced at $135,000 per acre, are well-suited for retail or office use. The rear 19.6 acres, offered at just $18,000 per acre.
DESCRIPTION
Development Opportunity 22.60 Acre Development Site; Previously approved for Multi-Family by the Village of Freeburg. Located next to the New Dollar General Market. All Utilities located on site. Ideal location for Multi-Family, Hotel, Retail, or Office Site. Located on Route 15 with 550' of Frontage and 11,400 ADT. Reduced Sale Price: Lots 1 & 2 – 135,000/Acre Back 19 Acres – $18,000/Acre
1 1
PROPERTY TAXES
| Parcel Number | 14-18.0-400-042 | Improvements Assessment | $0 CAD |
| Land Assessment | $8,386 CAD | Total Assessment | $8,386 CAD |
PROPERTY TAXES
Parcel Number
14-18.0-400-042
Land Assessment
$8,386 CAD
Improvements Assessment
$0 CAD
Total Assessment
$8,386 CAD
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North State Street Route 15 - 22.6 Acre Multi-Family & Retail Site
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