NEC Of Route IL Rt 113 And County Line Rd - Diamond Point Commercial Center
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NEC Of Route IL Rt 113 And County Line Rd - Diamond Point Commercial Center
18 Acres of Commercial Land in Diamond, IL 60416
Investment Highlights
- Only 3/4 of a mile to busy I-55 with over 30,000 VPD.
- Easy access to Rt. 113 (Division St.)
- Low Will County taxes
Executive Summary
Diamond Point Commercial is at the heart of a local population of 28,500 residents and a larger market area of over 41,000 people. Diamond Point Commercial is an opportunity to take advantage of a totally under served retail retail market area. Diamond is at the center of Coal City, Braidwood, Wilmington, Carbon Hill, and Godley. Diamond Point Commercial when fully built out will be a 20 acre commercial hub for the area. Currently there is a thriving (150% of projections) KFC/Taco Bell at the site.
The corner is ready for signalization when needed, Il Rt. 113 widening to I-55 begins in April of 2017. There is a significant market gap of $214,283,000 for the trade area. The area is exploding with industrial warehouse development to the north and other significant manufacturing has already been established in the area. There is flexibility in the site plan. Additional out-lots are planned along the frontage of Rt. 113 including a corner lot at County line road and Rt. 113. A 7200 SF retail center is planned for lot 7. This leaves an open pallet for design of the approximate 9 acres to the north of the out-lots. The site has four full access points, plus the right in, right out, just east of the corner. Storm water detention is at the Northwest corner which will provide for an open space amenity. The site is in the Diamond TIF district and Enterprise zone.
The corner is ready for signalization when needed, Il Rt. 113 widening to I-55 begins in April of 2017. There is a significant market gap of $214,283,000 for the trade area. The area is exploding with industrial warehouse development to the north and other significant manufacturing has already been established in the area. There is flexibility in the site plan. Additional out-lots are planned along the frontage of Rt. 113 including a corner lot at County line road and Rt. 113. A 7200 SF retail center is planned for lot 7. This leaves an open pallet for design of the approximate 9 acres to the north of the out-lots. The site has four full access points, plus the right in, right out, just east of the corner. Storm water detention is at the Northwest corner which will provide for an open space amenity. The site is in the Diamond TIF district and Enterprise zone.
Property Facts
Sale Type | Investment | Property Subtype | Commercial |
No. Lots | 1 | Total Lot Size | 18.00 AC |
Property Type | Land |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Commercial |
Total Lot Size | 18.00 AC |
1 Lot Available
Lot
Lot Size | 18.00 AC |
Lot Size | 18.00 AC |
Description
Located in the commercial/retail corridor of Diamond/Coal City/Braidwood/Wilmington
zoning
Zoning Code | B-3 |
B-3 |
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NEC Of Route IL Rt 113 And County Line Rd - Diamond Point Commercial Center
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