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Route 45 Bourbonnais Pkwy & I-57 Exit 318

9.12 Acres of Commercial Land Offered at £1,554,209 in Bourbonnais, IL 60914

Executive Summary

Price: $5 psf ($1,986,336)
Prime commercial/industrial development
Ideally located for local, regional distribution
Zoning M1 (allows for commercial/industrial)
IDOT 2030 proposed traffic count - 30,000 vehicles per day on Route 6000; 26,000 vehicles per day on 45/52
Sewer and water to site
5-year property tax abatement and sales tax exemption for new construction.
Labor force of 400,000 within 30-minute drive
Bourbonnais Advantages: Highly skilled labor force; Regional labor force of approximately 5 million; Sales tax at 6.25%; Lower property taxes in Kankakee County; Attractive wages scale; 10% population growth since 2000; Within 45 miles of Chicago market; Upscale industrial park standards; Within 125 miles of Indianapolis.
Development Tools: Tax increment financing; Sales tax sharing; Enterprise zone; Fast track permits; All utilities within close proximity; Infrastructure investment features.
WATER/SEWER - AQUA ILLINOIS
Water: There is a 16' main going to the site, which would be able to provide approximately 3.5 to 4.5 MGD, and additional capacity would be available upon request and execution of a water supply agreement with Aqua.
Sewer: There is an 18' main at Bourbonnais Parkway that can send 3.5 million gallons per day (MGD) through the interconnection with Bourbonnais. Additional capacity of 1 MGD through the Kankakee connection for a total of 4.5 MGD.
POWER - COMED
Abundant power available with existing transmission and distribution lines run along Route 50 which service the site.
GAS - NICOR GAS
Gas Service provided by Nicor Gas.

Property Facts

Price £1,554,209
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 9.12 AC

1 Lot Available

Lot

Price £1,554,209
Price Per AC £170,418
Lot Size 9.12 AC

Lot Size: 9.12 acre lot Located at the southeast corner of Bourbonnais Parkway and I57. This interchange project area will provide a gateway to this strategically located and growing Kankakee County market area.

Description

Lot Size: 9.12 acre lot Located at the southeast corner of Bourbonnais Parkway and I57. This interchange project area will provide a gateway to this strategically located and growing Kankakee County market area.

zoning

Zoning Code M1 (M1 Commercial/Industrial)
M1 (M1 Commercial/Industrial)
  • Listing ID: 31221997

  • Date on Market: 14/03/2024

  • Last Updated:

  • Address: Route 45 Bourbonnais Pkwy & I-57 Exit 318, Bourbonnais, IL 60914

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