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Commercial Zoned Lot

For Sale
Commercial Zoned Lot
450 Commerce Parkway, Oakville, IL 60532
Commercial
Commercial lot aerial view
Size3.8 Acres
ListedMar 10, 2023
ZoningB-3 Commercial
IDPROP-1007

Property Description

Prime commercial development opportunity in the rapidly growing Oakville business district. This 3.8-acre parcel is zoned B-3 Commercial, allowing for a wide range of retail, office, and mixed-use developments. Located at a high-visibility intersection with excellent traffic counts and surrounded by national retailers and new residential developments.

Property Features

  • Corner lot with 450 ft frontage on Commerce Pkwy
  • Level terrain, fully cleared and graded
  • Traffic light at main intersection
  • All utilities available at site
  • Excellent visibility and access

Location Benefits

  • 35,000 vehicles per day traffic count
  • 5 miles to interstate highway
  • Adjacent to new 250-unit apartment complex
  • 3 miles to regional shopping mall
  • Growing area with 12% population increase since 2020
Property Details
Price₹187,500,000
Price per Acre₹49,342,105
Property TypeCommercial Land
Parcel NumberCOM-4567-890
Annual Taxes₹1,875,000
Status
Active
Investment Highlights

  • Prime Location

    High-visibility corner lot in growing commercial district

  • Development Ready

    All utilities in place, site cleared and graded

  • Strong Demographics

    Growing population with above-average income

  • Flexible Zoning

    B-3 zoning allows for wide range of commercial uses

  • Excellent ROI Potential

    18-22% projected ROI over 5 years