Approximately .45 Acres Commercial Land in Elgin

Approximately .45 Acres Commercial Land in Elgin

Bidding is closed.
High Bid:$0.00
NA
Bidding Ended: Wed, Jun 3  11:00:00 am CT
Starting Bid: $200,000.00
Property Location: 338 South McLean Boulevard, Elgin, IL 60120
Property has been viewed 1,903 times.

Minimum Bid/Published Reserve Price: $200,000

Buyer's Premium: 6% ($40,000 minimum applies)

Cooperating Broker's Commission: 2%

Lot Size: Approx. .45 Acres

2017 Taxes: $7,737.28

PIN #: 0622176005

Zoning: Area Business/Arterial Road Corridor Overlay District (ARC)

Traffic Count: 19,800 VPD

Former gas station site in great location, just off of Route 20. Building and tanks have been removed and NFR has been issued in 2017. This is a great development location. Road construction has been completed and the area is undergoing redevelopment.

Please refer to the Zoning Ordinance Sections: 

19.14.700:ADDITIONAL ARCHITECTURAL AND EXTERIOR BUILDING MATERIAL REQUIREMENTS FOR
COMMERCIAL, INDUSTRIAL OR INSTITUTIONAL DEVELOPMENT

19.35.535: SITE DESIGN

19.35.430: LAND USE: Area Business

19.15.520: LAND USE: Arterial Road Corridor Overlay District (ARC) (Prohibited "Land Use" in the Arterial Road Corridor Overlay District (ARC) even if in the 19.35.430: LAND USE: Area Business has in the permitted uses the ARC rules)

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View Property Flyer (PDF)

View Zoning Ordinance (PDF)

View Terms and Conditions (PDF)

View Purchase and Sale Agreement (PDF)

 
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