RARE OPPORTUNITY! ** ALMOST 4 ACRES! ** HIGH VISIBILITY ** ONLY 4.5 MILES NORTH OF I-90 FULL 4-WAY INTERCHANGE! ** ONLY $1.55 SQ FT FOR B-2 ZONING! THIS BUSY INTERSECTION IS ALREADY A KEY COMPONENT TO IDOT'S PROPOSED 'ROUNDABOUT' THAT'S TO BE CONSTRUCTED IN 2020 (SEE IDOT PROPOSAL & DIAGRAM UNDER "ADDITIONAL INFORMATION"). THE TRIANGLE NOW FORMED BY U.S. RT. 20 (Grant Highway), UNION & MARENGO RDS WILL BECOME A 5-LEGGED ROUNDABOUT OR "HUB". IT'S PREDICTED THIS NEW INTERSECTION WILL IMPROVE TRAFFIC FLOW -- THEREFORE IMPROVED EXPOSURE & DESIRABILITY IS ANTICIPATED FOR THIS PROPERTY. ** IT'S CURRENTLY ZONED BOTH B-2 IN FRONT AND A-1 IN BACK ** B-2 ALLOWS MULTIPLE COMMERCIAL USES ** HIGHEST & BEST USAGE MAY BE RETAIL STRIP, LIQUOR SALES -- PERFECT FOR GAS STATION! CELL TOWER/INCOME POSSIBILITY. REFER TO "ZONING INFO" UNDER "ADDITIONAL INFORMATION" FOR THE ZONING TABLE & ACCEPTABLE USES. ADJACENT (NORTH) IMPROVED LAND IS WILD WEST TOWN. LOCAL GOVERNMENT IS 'DEVELOPMENT FRIENDLY'. THE TOWNS OF MARENGO & UNION ARE BOOMING & THIS IS A GREAT INVESTMENT OPPORTUNITY!
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Listing History
10-08-2019
Listed at $249,900
10-07-2020
Status changed to Cancelled
Last Modified 10/7/20 11:51 AM
Nearby Transportation
I 90 East
4.3 mi
I 90 West
4.3 mi
For More Information
(312) 528-9200
For more information about 0 Marengo, Union, IL 60180 contact Corcoran Urban Real Estate.
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Listing provided by Worth Clark Realty
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