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Hampshire Commercial on Route 20 43W407 US Highway 20

6,194 SF Vacant Retail Building Pingree Grove, IL 60140 £666,748 (£108/SF)

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Investment Highlights

Development Potential
Close to IL Route 47

400 feet of frontage on Route 20

Executive Summary

Development potential. Value is in the land but this property generates income so you can buy and hold. Approximately 400 feet of frontage on busy Route 20. Three commercial buildings, one retail with a residential apartment above, one industrial and another retail building all fully leased. Surrounded by new residential construction with side street access to townhome community to the south. High demand for convenience shopping, pharmacy, retail and more. Potential for assemblage with adjacent parcel.

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Building Size

6,194 SF

Year Built

1950

Price

£666,748

Price Per SF

£108

Percent Leased

Vacant

Number of Floors

Building FAR

0.08

Land Acres

1.70 AC

Frontage

400 ft on US Route 20

About 43W407 US Highway 20 , Pingree Grove, IL 60140

This property is comprised of three fully leased commercial buildings on 1.7 acres. The east building is two stories and houses an antique mall on two levels plus a second floor residential apartment. The middle building is industrial/warehouse space and the east building is another retail property. Property has almost 400' of frontage on Route 20 making it suitable for development. Approximately 400 feet of frontage on busy Route 20. All building are leased month to month. Surrounded by new residential construction with side street access to a townhome community to the south. High demand for convenience shopping, pharmacy, retail and more. Price includes PIN#0230400001 PIN#0230400002 and PIN #0230400003. There is a NEW opportunity for assemblage with an adjacent land parcel to enhance development potential. The combined parcels provide almost three acres to build on with 400' of frontage on Highway 20 and access via Thurnau Road. The adjacent one acre parcel could possibly deliver engineered to satisfy detention requirements. The Village is supportive of commercial development at this location.

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