2051 Ridge RdMinooka, IL 60447

  • Commercial real estate
  • 60,804 SF
For Sale
$2,400,000 View listing

Property Details for 2051 Ridge Rd

Year built
2005
Lot size
7.29 AC
Property size (Sq ft)
60,804 SF
Property type
Commercial real estate
APN
03-14-476-004
APU
314476004

Description

This exceptional 11-acre commercial land parcel presents a unique build-to-suit opportunity in the thriving Minooka, Illinois market. Located at 2051 Ridge Road, this property boasts a highly desirable B-2 zoning, permitting a wide range of retail, service, and commercial uses. Situated at the Northwest corner of Ridge Road and Route 6, the site offers unparalleled visibility and accessibility from a major thoroughfare. The property is adjacent to a Jewel-anchored neighborhood shopping center, providing immediate proximity to the only full-service grocery store in the area, ensuring high foot traffic and consumer convenience. The location benefits from the significant residential growth experienced in the Minooka/Channahon trade area, creating a robust and expanding customer base. This strategic location is approximately 55 miles south of Chicago, offering easy access to a larger metropolitan market. The asking price for the entire 11-acre site is $2,400,000. Additionally, a 1-acre outlot is available for $450,000. This presents a compelling investment opportunity for developers seeking to capitalize on the strong growth and prime location of this exceptional property. The property's strategic location and zoning make it ideal for a variety of commercial developments.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $12,566,599
    Hospitality
    $11,510,938
    Educational
    $9,576,965
    Medical
    $9,906,331
    Retail
    $14,897,501

Location Insight

City
Minooka
County
Grundy
State
Illinois
Latitude
41.4199
Longitude
-88.2722
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
$152,133
$132,045
$1,764,581
$1,896,626
-
$396,135
$5,293,743
$5,689,878

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