Hard Corner Development Opportunity
Hard Corner Development Opportunity | 1.7 Acres | Alsip, IL
Marketing description
Brookline Real Estate, LLC. is pleased to present the rare opportunity to acquire a highly visible, hard-corner development property positioned in a strong, transit-oriented location in Alsip, IL. A user with a need for brand exposure will benefit tremendously from the property's corner position at the intersection of Pulaski Road and 122nd Street. A developer or investor will benefit from attracting prime tenants given the many favored attributes of this property.
Surrounded by Walgreens, Chase Bank, and three grocery stores including Jewel and Aldi, the 1.7 acre site sits at the center of a major retail corridor for neighboring residents and businesses. Just one mile from I-294 access, the site is also a strong transit location with PACE bus service a block away. Other national retailers on Pulaski Road include McDonald's, Dunkin', Shell, AutoZone, Family Dollar, Burger King, Dairy Queen, Taco Bell, and Advance Auto Parts.
The parcels currently have two homes and one small office building. However, the location is within an Alsip TIF District, potentially offering funds and for teardowns on Pulaski Road in order to bolster the trade area. The property is also within the Cal Sag Enterprise Zone.
This rare development opportunity is being offered for the first time on a growing business corridor with traffic counts of 27,900. Contact us to learn more!
Investment highlights
The Alsip Tax Increment Financing (TIF) District and Calumet Region Enterprise Zone present a compelling opportunity for a dynamic real estate development venture. Situated within the vibrant Calumet Region of Illinois, these economic incentives offer a strategic location for businesses seeking to thrive in a growth-oriented environment.
The Alsip TIF District is a designated area that encourages revitalization and development through tax increment financing. This means that property tax revenues generated within the district are reinvested into infrastructure improvements, public amenities, and other initiatives that enhance the local community. As a real estate developer, you'll benefit from the opportunity to collaborate with local authorities to shape the landscape while enjoying potential tax incentives and increased property values as the district flourishes.
In conjunction with the Alsip TIF District, the Calumet Region Enterprise Zone further amplifies the appeal of this endeavor. This enterprise zone offers an array of incentives designed to attract businesses and stimulate economic growth. These incentives could include tax credits, reduced utility costs, and streamlined permitting processes. By establishing your real estate development within this enterprise zone, you'll tap into a supportive framework that facilitates growth and investment.
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