Diamond Point Commercial Center

Property Description

Diamond Point Commercial is at the heart of a local population of 28,500 residents and a larger market area of over 41,000 people. Diamond Point Commercial is an opportunity to take advantage of a totally underserved retail market area (see the Gap report). Diamond is at the center of Coal City, Braidwood, Wilmington, Carbon Hill, and Godley. Diamond Point Commercial when fully built out will be a 20-acre commercial hub for the area. Currently there is a thriving (150% of projections) Kfc/Taco Bell at the site. The average household income for the market area is $70,664 and the median age is 40.6. The corner is ready for signalization when needed, Il Rt. 113 widening to I-55 begins in April of 2017. There is a significant market gap of $214,283,000 for the trade area. The area is exploding with industrial warehouse development to the north and other significant manufacturing has already been established in the area. The traffic count on I-55, which is only half a mile east, is over 39,000 Vpd, and 11,100 VPD on Rt. 113. There is flexibility in the site plan. Additional out-lots are planned along the frontage of Rt. 113 including a corner lot at County line road and Rt. 113. A 7200 SF retail center is planned for lot 7. This leaves an open pallet for design of the approximate 9 acres to the north of the out-lots. The site has four full access points, plus the right in, right out, just east of the corner. Storm water detention is at the Northwest corner which will provide for an open space amenity. The site is in the Diamond TIF district and Enterprise zone.