Prime Development Opportunity in the Northwest Suburbs
Retail & Industrial Land Site | 32,670 SF
Marketing description
Introducing a prime development opportunity in the heart of the Northwest Suburbs! Bring your industrial project to this shovel-ready site with an existing billboard generating $18,000 in rental income annually. This site is currently Zoned I-2. The high visibility, existing curb cut, and daily traffic count of 36,900 Vehicles per day offer a lucrative prospect for a change in zoning to facilitate a retail development or quick service restaurant. This site presents a compelling space for warehouse, manufacturing, distribution, or retail operations. Bring your development to this exquisite site.
Located in Streamwood, Illinois, in suburban Cook County, 701 E Lake St offers a prime location. 36,900 Vehicles per day pass this exceptional site on a major retail arterial, currently zoned I-2 Industrial. Situated within the vibrant Chicago metropolitan area, the location provides easy access to major transportation arteries, including major highways and O'Hare International Airport. The diverse economy of Suburban Chicago boasts a strong industrial base, making it an ideal location for businesses seeking to tap into a robust workforce and strategic distribution networks. The nearby attractions such as the NOW Arena and Spring Valley Nature Center offer recreational opportunities for employees and visitors to the area, enhancing the overall appeal of the location for industrial and very promising retail, land use purposes.
Investment highlights
32,670 SF Site
Zoned I-2 General Industrial PUD
Utilities on site
Signalized intersection
Large billboard with $18,000/year income and increases $1,500 every 5 years
Curb cut on Lake Street
Approximately 35 miles from downtown Chicago
Just 6 minutes to the I-390 interchange at Lake Street to O’Hare International Airport
Less than a mile from the Hanover Park Metra Station
Ideal location for retail, gas, or QSR
Traffic Counts: 36,900 vehicles per day on Lake Street
PIN Number: 06-35-400-005
2023 Taxes: $ $4,242.37
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