47 Ac Wilmington Development Site

Vacant Land for Sale
Catylist Listing ID: 30152730
Property Subtypes: Industrial, Multi-Family, Residential (Single Family), Retail
Gross Land Area: 47 Acres
Sale Price: $2,048,200
Unit Price: $43,578 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/6/2017

Overview / Comments

Many potential uses for a property like this. Total of 47 acres with UP rail frontage. Easy access to I-55 at River road, I-57 to the east and I-80 to the north. Sewer & water utilities available from the City of Wilmington. Currently has residential zoning.

Attachments & Media

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Will
Zoning: PROPERTY IS CURRENTLY ZONED R-1 & R-4 IN THE CITY OF WILMINGTON.
Largest Nearby Street: Illinois Rt. 53.
Highway Access: Only 3.5 miles to I-55 at River road. I-57 at Peotone is approximately 17 miles east. I-80 is approximately 14 miles north on Rt. 53. Rt. 53 is just half a mile east
Site Description: Level farmland with rail frontage to the east and residential to the west. Drainage ditch cuts through the farm with ComEd power line along the north side of the property. The proposed Illiana Expressway would cut across the north part of the farm parallel to the power-lines.
Area Description: Only 3.5 miles to Interstate I-55 access at River road. Frontage on the Union Pacific rail and also the Amtrak high-speed rail line from Chicago to St. Louis. Next to United States Cold Storage facility in Wilmington. Near the Ridge Port Logistic's Center, Center Point Inter-modal in Elwood and the UP Inter-modal in Joliet.
Zoning Description: Property is currently zoned R-1 & R-4 in the City of Wilmington.
Development Name: 47 Ac Wilmington Development Site
Topography: Level
Available Utilities: Water, Sewer

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,986 5,214 13,800
Median Age: 36.19 39.23 40.15
Households: 812 2,063 5,357
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