$475,000
$475,000
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100,000 SqFt
SOLD DATE : 07/20/2023
Key Details
Sold Price $475,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 100,000 sqft
Price per Sqft $4
MLS Listing ID 10799171
Sold Date 07/20/23
Annual Tax Amount $10,146
Tax Year 2020
Lot Size 8.850 Acres
Lot Dimensions 507X764
Property Sub-Type Industrial
Property Description
This property is located in the newly established TIF district that could offer financial assistance for site preparation and infrastructure ETC. This partially completed building was intended to be a 100,000 square foot marijuana cultivation center. Well over a million dollars has been spent on site prep, construction, and plans. The building is designed for 24' walls, 600-700 thousand pounds of rock was hauled in for the foundation. A city approved storm water drainage area and system is on site and in place. City sanitary sewer and water are close to this 8.85 acre site. The parcel is on the corner of Illinois Central Drive & East Progress Drive, Both 80,000 pound year round roads. Close neighbors are AZZ Galvanizing, Rayovac Batteries, UPM Raflatac Labeling Manufacturing, and Rock River Ready Mix. The subject property is visible from Interstate 88 and only a few blocks from the I-88 Interchange.
Location
State IL
County Lee
Area Dixon / Nelson
Zoning INDUS
Interior
Cooling None
Fireplace N
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Bought with Kevin Considine • Bird Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "