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1.92 Acre Target Shadowed Parcel

Saint Charles, IL 60174

Kane County, Illinois

1.92 Acres
Land Auction
May 15, 2024 12:00 PM
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Property Description

RI Marketplace Online Auction May 13-15, 2024.

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Investment Highlights

±1.92 Acres at Hard Corner Intersection in Dense Commercial Corridor Within Chicago Msa

Attractive Demographics with 5-Mile Population of ±105,247 Individuals and Annual Household Income of ±$130,329

Nearby Retail: Target, Walmart, Jewel Osco, Von Maur, Mavis Tires and Brakes, Starbucks, and more

Well-Positioned Near Signalized Intersection of E Main Street (29,290 Vpd) and 38th Avenue (1,844 Vpd)

Favorable BR Zoning (Regional Business District) with Flexible Uses Permitted including Retail, Professional Office, Restaurant, Mini-Warehouse, and more

Absolute $1 Auction - NO Reserve

Offering Summary

Marcus & Millichap is pleased to present 1.92 acres of undeveloped land located adjacent to 3845 E Main Street (the “Property”) in St. Charles, Illinois. This Property offers an exceptional investment opportunity via development and First BID Meets Reserve.

The Property consists of two parcels totaling ±1.92-Acres situated at the hard corner of 38th Avenue and Illinois Avenue. Both Parcels are well positioned with visibility and frontage on 38th Avenue (1,844 Vppd) and near the signalized intersection of Route 64 (E Main Street) with traffic counts of 29,290 vehicles per day. The Property is in a robust trade area near a mix of residential, industrial, and retail demand generators. Nearby retailers include Target, Walmart, Jewel Osco, Von Maur, Mavis Tires and Brakes, Starbucks, and more. The Property is across the street from the former Charlestowne Mall redevelopment with the new owners, Urban Street Group, currently in the process of developing a Concept Plan for presentation to the City. The Property benefits from BR zoning, Regional Business District, with flexible uses permitted including retail, professional office, restaurant, mini-warehouse, and many more.

Situated in Kane County along the scenic Fox River, St. Charles boasts a rich history, charming downtown area, and a thriving business community. The city benefits from its strategic location within the Chicago metropolitan area, offering convenient access to major transportation routes including Interstate 88 and Route 64, facilitating connectivity to downtown Chicago and O'Hare International Airport. The Property is easily accessible and is ideally positioned just south of Route 64, facilitating access to the broader Chicago metropolitan area. The Property is located in an area that serves ±105,247 people with an average household income of ±$130,329 within a 5-mile area.

Scott Bowers, Auctioneer

c/o Fisher Auction Company Inc.

Property Maps & Attachments

More Property Details

Commercial Zoning
Flat Terrain
Multiple Roads Access
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