For Sale
$348,480

30973 Il-23 Genoa, IL 60135

Prime 4-acre commercial lot, ideal for development.

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional 4-acre commercial land parcel presents a unique investment opportunity in Genoa, Illinois. Strategically located at the four-way intersection of IL State Route 23 and Derby Line Road, this property boasts excellent visibility and accessibility. Priced at $348,480, or $2.00 per square foot, this site offers significant potential for various commercial ventures. Existing infrastructure includes on-site water, sanitary sewer, and a storm water basin, simplifying development plans. Water retention is handled off-site, further streamlining the process. A key advantage is the property's designation as an Illinois Enterprise Zone. This designation provides substantial benefits to new and existing businesses, including state and local tax incentives designed to reduce both operating and construction costs. The property's size and location make it suitable for a wide range of commercial uses, offering a compelling opportunity for investors seeking a high-visibility site with significant cost-saving advantages. The address is 30973 IL-23, Genoa, IL 60135. This is a rare opportunity to acquire a well-situated commercial lot in a thriving area with significant economic incentives.

Highlights

  • $348,480 asking price.
  • 4-acre commercial land parcel.
  • Located at the intersection of IL Route 23 and Derby Line Road in Genoa, IL.
  • $2/sq ft land value.
  • Designated Illinois Enterprise Zone offering state and local tax incentives.

Property Details for 30973 Il-23

Property type
Land
Lot Size (sq. ft)
174,240 SF

Location Insight

City
Genoa
County
Dekalb
State
Illinois
Latitude
42.082292
Longitude
-88.684788

FAQs

What type of property is this?
Land - Prime 4-acre commercial lot, ideal for development.
Where is the land located?
The property is located at 30973 Il-23 Genoa, IL.
What is the asking price?
The asking price for this property is $348,480.
What are key features of this property?
This property features: $348,480 asking price.; 4-acre commercial land parcel.; Located at the intersection of IL Route 23 and Derby Line Road in Genoa, IL.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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30973 Il-23
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