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Peterson Road - Northwest Corner of Petersen Road and Rt.83 7.4 Acres of Commercial Land Offered at $2,500,943 CAD in Grayslake, IL 60030
INVESTMENT HIGHLIGHTS
- Signalized intersection with access to Rt. 83 and Peterson Road
- Corner parcel with excellent location for retail development to support the existing and future surrounding industrial development
- Ideal location for gas station and fast-food restaurants
- All Utilites are available at the site
- The property is surrounded by two business parks that total 1,734 acres.
- May be divisible
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $2,500,943 CAD | Property Subtype | Commercial |
| Sale Type | Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 7.40 AC |
| Property Type | Land | ||
| Zoning | MX - Mixed Use | ||
| Price | $2,500,943 CAD |
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 7.40 AC |
| Zoning | MX - Mixed Use |
1 LOT AVAILABLE
Lot
| Price | $2,500,943 CAD | Lot Size | 7.40 AC |
| Price Per AC | $337,965.33 CAD |
| Price | $2,500,943 CAD |
| Price Per AC | $337,965.33 CAD |
| Lot Size | 7.40 AC |
Northwest Corner of Peterson Road and Rt. 83 in Grayslake, Illinois. The property contains 7.40 acres with 824 feet of frontage on Rt. 83 and 324 feet on Peterson Road in Grayslake, Illinois
DESCRIPTION
The subject property is located at the northwest corner of Peterson Road and Illinois Rt. 83 in Grayslake, Illinois. The plot is mostly rectangular parcel with 824 feet of frontage on Rt. 83 and 346 feet of frontage on Peterson Road for a total area of 7.40 acres. MX (mixed use) zoning in the village of Grayslake allows a multitude of commercial uses. This corner parcel is an excellent location for retail development to support the existing and future surrounding industrial development. Specifically, a gas station with fuel to serve trucks, and freestanding fast food restaurant. The property is surrounded by two business parks that total 1,734 acres. Cornerstone Business Park is 640 acres and has completed its first building, owned by the Medline Corporation, which contains 1.4 million square feet. Grayslake Business park contains 1,094 acres and is being developed around a 300,000 square foot Federal Express facility.
Presented by
Peterson Road - Northwest Corner of Petersen Road and Rt.83
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