23906 Frontage RdChannahon, IL 60410

  • Commercial real estate
  • 1.00 AC
For Sale
$1,250,000 View listing

Property Details for 23906 Frontage Rd

Lot size
1.00 AC
Property type
Commercial real estate
APN
04-10-09-200-003
APU
41009200003

Description

This exceptional commercial property, located at 23906 S Frontage Road in Channahon, Illinois, presents a unique investment opportunity. Boasting an impressive 208 feet of frontage directly visible from Interstate 55, this 1-acre plus lot offers unparalleled visibility and accessibility. The property includes three buildings totaling approximately 5,002 square feet, all serviced by electric and gas utilities. The C-3 zoning allows for a wide range of commercial uses. A substantial gravel parking area provides ample space for customers and employees. Building A, encompassing 943 square feet, is ready for immediate renovation, offering a blank slate for customization. Building B, the largest structure, is equipped with a private water well and septic system, supporting two restrooms. This property is ideal for investors seeking a high-traffic location or owner-occupiers looking to establish or expand their business in a thriving area. Its prime location and versatile buildings make it a compelling opportunity in the Village of Channahon (Will County). The high visibility from I-55 ensures significant exposure to a large volume of daily traffic. Don't miss this chance to acquire a strategically positioned commercial property with significant potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $13,783,886
    Hospitality
    $12,625,966
    Educational
    $10,504,655
    Medical
    $10,865,926
    Retail
    $16,340,575
23906 Frontage Rd, Channahon, Illinois

Location Insight

City
Channahon
County
Will
State
Illinois
Latitude
41.4489
Longitude
-88.1964
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,386
$37,216
$46,835
$84,051
-
$111,648
$140,505
$252,153

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