Auction Information
Online Bidding Site$1 Auction 2.7 AC Signalized Hard Corner (Chicago MSA)
RI Marketplace Online Auction March 25-27, 2024
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Investment Highlights
2.7 AC Parcel at Signalized Intersection in Dense Commercial Corridor Within Chicago MSA
Attractive Demographics with 5-Mile Population of 129,950 Individuals and Annual Household Income of $98,180
Nearby Retail: Family Dollar, Menards, Home Depot, Starbucks, Marshalls, PetSmart, Ross, Burlington, Dollar Tree, and more
Well Positioned at Signalized Intersection of Lincoln Highway (19,480 VPD) with 656 Frontage and Central Avenue (3,650 VPD)
Favorable R2, Residential Low to Moderate Zoning with Flexible Uses Permitted including Single Family Residential, Assisted Living Facilities and Planned Unit Development by Special Use Permit
Absolute $1 Auction - NO RESERVE
Offering Summary
Marcus & Millichap is pleased to present a 2.7-acre land parcel located at 1021 Central Avenue (the...
Marcus & Millichap is pleased to present a 2.7-acre land parcel located at 1021 Central Avenue (the Property) in Matteson, Illinois. This Property offers an exceptional investment opportunity via development and FIRST BID MEETS RESERVE!
The Property is a 2.7-acre parcel situated at the signalized hard corner of Central Avenue and Lincoln Highway (US-30) with 656 feet of frontage and benefitting from traffic counts of 19,480 vehicles per day. The Property is in a robust trade area near a mix of residential and retail demand generators. Nearby retailers include Family Dollar, Menards, Home Depot, Starbucks, Marshalls, PetSmart, Ross, Burlington, Dollar Tree, and more. The Property benefits from R2, Residential Low to Moderate Zoning with flexible uses permitted including single family residential, assisted living facilities, planned unit development by special use permit, and many more. Per the appraisal posted in the due diligence vault, the most probable rezoning could be from R-2 to C-4, Commercial Highway District.
The Property is located in Cook County, Illinois approximately 30 miles south of Chicago. The Property is easily accessible and is ideally positioned just west of highly trafficked I-57 with 74,416 vehicles per day, facilitating access to the broader Chicago metropolitan area. The Property is located in an area that serves 129,950 people with an average household income of $98,180 within a 5-mile area.
Scott Bowers, Auctioneer
Fisher Auction Company Inc.
License: 040000273
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