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23934 State Route 53

10,000 SF Vacant Retail Building Elwood, IL 60421 $995,400 CAD ($100 CAD/SF)

Investment Highlights

  • Heavy traffic area near large warehouse spaces Centerpoint , Northpoint and across from the RT66Raceway and Chicagoland Speedway

Executive Summary

The property is at the corner of Route 53-- Old Route 66 Also known as-State Route 53 and Millsdale Rd.Elwood,IL. 60421 in Unincorporated Will County.IL and it has an Elwood mailing address . Located on Route 53 just 4 miles South of Interstate 80 and 1 miles South of the Route 66 Raceway and the Chicagoland Speedway. This is a very high traffic area with industrial and warehousing all around it and close to Union Pacific Centerpoint property which is 2 miles west and the Elwood BNSF Centerpoint 5 miles southwest and Northpoint's new development Third Coast Intermodle is 3/4 mile south.
It is zoned I 1 Industrial 1- light industry in Will County, IL. Over 9000 square ft of floor space in buildings with 16 garage doors on ground level and one on the second floor of the two story building for shops or storage spaces. There is 220V electric in all but the two car garages,
There is 1 million square foot warehouse rented by Target across the street, and a mile from the new Harbor Freight 1.2 million square foot and near the Dollar Tree, Amazon, Home Depot, M&M Mars Ikea warehouses and the Centerpoint Intermodel is just west and new Northpoint Warehouses are 3/4 of a mile south. This is the only retail corner in the area and is.Zoned I- 1
Huge warehouses expanding all around, for large firms like Amazon ,IKEA ,Dollar Tree and Home Depot and Target that supporting firms will need office space and use for this type of building. Close proximity to both Elwood and Joliet Intermodal rail yards and the Elwood Inland Port.
This building is 40% occupied, bringing in about $2,000 a month in rent.
Sale Price Negotiable

Property Facts

Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,000 SF
Building Class
B
Year Built
1975
Price
$995,400 CAD
Price Per SF
$100 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.47
Lot Size
0.49 AC
Zoning
I-1 - I 1 light industrial/Retail
Parking
22 Spaces (2.2 Spaces per 1,000 SF Leased)
Frontage
200 ft on S Chicago St

Amenities

  • Fenced Lot
  • Pylon Sign
  • Storage Space
  • Air Conditioning

About 23934 State Route 53 , Elwood, IL 60421

Huge warehouses expanding all around, for large firms like TARGET .Amazon ,IKEA ,Dollar Tree , Home Depot, Harbor Freight that supporting firms will need office space and use for this type of building. Close proximity to both Elwood and Joliet Intermodal rail yards and the Elwood Intermodal Inland Port and Northpoints new multi million sq.ft.development..

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
11-09-200-003
Land Assessment
$21,330 CAD
Improvements Assessment
$85,348 CAD
Total Assessment
$106,678 CAD
  • Listing ID: 3809558

  • Date on Market: 2016-03-28

  • Last Updated:

  • Address: 23934 State Route 53, Elwood, IL 60421

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