HUGE PRICE DROP!! REDUCED $300k
PRIME DOWNTOWN LOCATION- ST. CHARLES -COMMERCIAL -SIGNALIZED INTERSECTION - SW CORNER - ON MARKET FOR FIRST TIME IN DECADES - NEARLY 1/2 ACRE SITE @ SOUTH 2ND(Rt.31) AND ILLINOIS STREETS- ADJACENT TO A CITY PARKING LOT, MIO MODO RESTAURANT (FORMER FRANCESCA'S) AND THE NEW WHOLE FOODS STORE SET TO OPEN IN SPRING 2025. The zoning currently is CBD2, for commercial business district mixed use. New owner could lease/hold, or redevelope into a multiple mix use building. The level site is 134 x 132, or 17,767sf.
Improvements include a 1,500sf former gas station with 950sf canopy now used as an auto repair business (NFR letter on file). Traffic counts are * Rt.31- South 2nd Street- Between 10,000 and 13,000 AADT * Illinois Street @ Rt. 31- Between 4,000 and 5,000 AADT * IDOT 2023, but with the new Whole Foods scheduled to open in spring 2025, these counts will likely see significant increases. For more information, access "Additional Information" tab which includes Aerial GIS, ReList Report, Area Demographics Report, Zoning Report and tax bill. Non-MRED/MLS REALTORS... to obtain these reports, call listing agent. Tax bill shows inclusion in the SSA 1b district, a line item addressing the downtown maintenance. The latest bill allocates about $700 annually for this tax overlay. The number of onsite parking spaces is estimated at 10-15.