For Sale
$499,000

14 Hwy & 20 St Mount Prospect, IL 60056

1.45 Acres, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional 1.45-acre commercial land parcel presents a unique investment or development opportunity in the prestigious Barrington, Illinois area. Strategically located at the northwest corner of Route 14 (Northwest Highway) and 20th Street, this property boasts over 327 feet of frontage on Route 14, experiencing high daily traffic volume exceeding 27,900 vehicles. Its prime location is just one block northwest of the Barrington Foundry Retail Development, a thriving retail center exceeding 80,000 square feet. Nearby established businesses include Northern Trust Bank and Wickstrom Ford, underscoring the area's strong economic activity. The property is zoned for unincorporated Lake County and offers potential uses including restaurants, retail, medical facilities, offices, or residential development. The 2018 property taxes were $1,845. Within a 5-mile radius, the area boasts a substantial population of 76,284 with a median household income of $119,631 (2018 data). This property's high visibility, excellent location, and diverse development potential make it an attractive investment. The asking price is $439,000.

Highlights

  • Price Reduction: Now $439,000
  • 1.45-acre lot at the NW corner of Route 14 & 20th Street, Barrington, IL
  • Over 327 feet of frontage on Route 14 (Northwest Highway)
  • High traffic count: 27,900 vehicles per day
  • One block NW of the Barrington Foundry Retail Development

Property Details for 14 Hwy & 20 St

Property type
Land
Lot Size (sq. ft)
63,162 SF

Location Insight

City
Mount Prospect
County
Cook/Lake
State
Illinois
Latitude
42.0636388
Longitude
-87.9367657
14 Hwy & 20 St, Mount Prospect, Illinois

FAQs

What type of property is this?
Land - 1.45 Acres, High Traffic Area
Where is the land located?
The property is located at 14 Hwy & 20 St Mount Prospect, IL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Price Reduction: Now $439,000; 1.45-acre lot at the NW corner of Route 14 & 20th Street, Barrington, IL; Over 327 feet of frontage on Route 14 (Northwest Highway)
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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14 Hwy & 20 St
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