1611 Douglas RdMontgomery, IL 60538

  • Commercial real estate
  • 13,900 SF
For Lease
$10/SF/YR View listing

Property Details for 1611 Douglas Rd

Year built
1995
Construction
BRICK
Property size (Sq ft)
13,900 SF
Property type
Commercial real estate
APN
03-04-226-089
APU
304226089

Description

Montgomery Center, located at 1611 Douglas Rd, Montgomery, IL 60538, presents a unique commercial real estate opportunity. This 13,900 square foot building, constructed in 1996, sits on 7.27 acres of land and offers flexible space ideal for a variety of uses. Currently, 10,740 square feet are vacant, divisible into units ranging from 1,300 to 9,440 contiguous square feet. The building features high 16-foot ceilings, ample parking with 112 spaces, and convenient access from Douglas Road and Route 30, a high-traffic area with 32,000 vehicles per day. The property is zoned B-2, allowing for diverse commercial ventures. Previously occupied by a gym, the vacant space is ready for immediate tenant improvements, eliminating the need for demolition. The large, open layout is well-suited for various businesses, including health clubs, medical offices, preschools, entertainment venues, or retail establishments. Two suites are available, providing options for both smaller and larger tenants. This property offers significant potential for a thriving business in a desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,872,767
    Hospitality
    $2,631,439
    Educational
    $2,189,326
    Medical
    $2,264,621
    Retail
    $3,405,619

Location Insight

City
Montgomery
County
Kendall
State
Illinois
Latitude
41.7233
Longitude
-88.321
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
$16,508
$97,466
$85,849
$183,315
-
$292,398
$257,547
$549,945

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