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Southgate Dr - Southgate Retail Land
32 Acres of Commercial Land in Danville, IL 61834
Investment Highlights
- for sale for the first time in tracts up to 15.5 acres
- Enterprise Zone
- First exit in IL on I-74
- great interstate access
- All Utilities to Site
- South of new Golden Nugget Casino
Executive Summary
This 32+ acre site currently has 5 acres under contract to a national fuel provider with up to 15.5 acres to the north (closest to I-74), and up to 7 acres to the south. Curbcuts off Southgate Drive are already installed and the buyer of 5 acres with be putting in the access drive to the development. Lots will have access via a proposed access road on the west side (back) of the property. All utilities are currently to the site and the property is located within an Enterprise Zone.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Mixed Use |
| Property Type | Land | Total Lot Size | 32.00 AC |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 32.00 AC |
1 Lot Available
Lot
| Lot Size | 32.00 AC |
| Lot Size | 32.00 AC |
This 32+ acre site currently has 5 acres under contract to a national fuel provider with up to 15.5 acres to the north (closest to I-74), and up to 7 acres to the south.
Description
This retail subdivision is being offered for sale for the first time in tracts up to 15.5 acres. The property is located in the SW Quad of Interstate 74 & Lynch Rd./Southgate Drive. The site sits just south of the on/off ramp of I-74 in Eastern Central Illinois on the Indiana Border. This 32+ acre site currently has 5 acres under contract to a national fuel provider with up to 15.5 acres to the north (closest to I-74), and up to 7 acres to the south. Curbcuts off Southgate Drive are already installed and the buyer of 5 acres with be putting in the access drive to the development. Lots will have access via a proposed access road on the west side (back) of the property. All utilities are currently to the site and the property is located within an Enterprise Zone. Area Description Lynch Rd / Southgate Drive has historically been a mix of industrial to the south (Southgate Dr.) and Retail & Industrial to the north (Lynch Rd.). Just north of I-74 on Eastgate Dr. (access road from Lynch) is a new Golden Nugget Casino that is scheduled to open in Spring of 2023. This new casino will draw from about a 60 – 90 mile radius from Danville and will feature 500 slot machines and 14 table games along with a pair of restaurants and a Golden Nugget Sportsbook.
PROPERTY TAXES
| Parcel Number | 24-18-100-010 | Improvements Assessment | £0 |
| Land Assessment | £16,526 | Total Assessment | £16,526 |
PROPERTY TAXES
zoning
| Zoning Code | B-3 (General Business) |
| B-3 (General Business) |
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Southgate Dr - Southgate Retail Land
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