For Sale
$395,000

13766 Il-76Poplar Grove, IL 61065

4.6-acre corner lot, development ready.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 4.66-acre corner lot in Poplar Grove, Illinois, presents a remarkable redevelopment opportunity. Located at 13766 IL-76, this property boasts a General Business (GB) zoning designation, allowing for diverse development options including retail strip centers, standalone stores, storage facilities, car washes, daycares, and cannabis dispensaries. The site features existing improvements and utilities (excluding water, readily accessible 110 feet away across Route 76). With a total square footage of 200,376 and an asking price of $395,000 ($1.97/sq ft), this property offers significant potential. Its strategic location adjacent to a community of approximately 2,600 homes ensures a strong customer base, while its proximity to I-90 (6 miles) provides excellent visibility and accessibility. The property benefits from the Village of Poplar Grove's commitment to economic growth, situated within an Enterprise Zone at the intersection of IL-76 and IL-173, offering substantial business development incentives. The land value is $85,836 per square foot. This multi-tenancy property is classified as Class B and is available under a ground lease. The parcel number is 0326180006. This is a rare chance to capitalize on the thriving Poplar Grove market and its supportive business environment.

Highlights

  • Prime 4.66-acre corner lot in Poplar Grove.
  • General Business (GB) zoning allows diverse development.
  • Ideal for retail, standalone buildings, storage, car washes, daycares, and cannabis dispensaries.
  • Strong customer base due to proximity to 2,600 homes.
  • Excellent visibility and access, 6 miles from I-90.
  • Utilities readily available, water at 110 feet.

Property Details for 13766 Il-76

Property type
Retail properties, Restaurants
Square Feet
200,376 SF
Class
B
Lot Size (sq. ft)
202,990 SF

Location Insight

City
Poplar Grove
County
Boone
State
Illinois
Latitude
42.3515749
Longitude
-88.852205
13766 Il-76, Poplar Grove, Illinois

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13766 Il-76
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