Listed by CBRE - Oak Brook
$350,000
NWC Route 30 & I-55
Details
Property Type Land, Retail
Sub Type Commercial
Square Footage 500,000
Tenancy Vacant
Lease Type NNN
Price per SqFt $1
Acreage 172.000
Outlots, Retail Space, and Commercial Land Available
Marketing description
The Planned Mixed-use Project Includes Approximately 172 Acres of Land Situated at the Northwest Quadrant of the I-55 and Us Route 30 Full Interchange and Spans the Communities of Plainfield and Joliet. The Commercial Component Will Include in Excess of 500,000 Square Feet of Retail, Restaurant and Entertainment Uses Anchored by a 150,000 Square Foot Costco. The Boulevard Place Project Intends to Establish a Hybrid Lifestyle Shopping Experience With a Streetscape Designed to Encourage Patrons to Linger and Relax Through Well Landscaped Areas and Pedestrian Amenities.
Investment highlights
- Growth markets are in the suburban periphery of large metropolitan areas.
- Young families are married with children (Index 220); average household size is 3.25.
- Home ownership is 84% (Index 134), with the highest rate of mortgages, 71.5%(Index 173).
- Primarily single-family homes, in new neighborhoods, 66% built since 2000 (Index 441).
- Median home value is $350,000 (Index 169).
- Lower housing vacancy rate at 3.7%.
- The cost of affordable new housing comes at the expense of one of the longest commutes to work, over 30 minutes average, including a disproportionate number (33.6%) commuting across county lines (Index 141).
Listing Contacts
Listed by CBRE - Oak Brook
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