338 South McLean Boulevard
Elgin, IL
Land for Sale - $200,000 - 0.45 acres
Property Info
| CIMLS# | 1054993 |
| Location 338 South McLean Boulevard Elgin IL 60123 | |
| Updated | April 27th, 2020 |
| Type | Land |
| Price | $200,000 |
| Land | 0.45 acres |
Property Description
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)
Financials
Online Auction Bidding Starts at 11 AM CST Online Auction bidding starts Monday, June 1, 2020 at 11:00 AM CST and ends Wednesday, June 3, 2020 at 11:00 AM CST
Minimum Bid/Published Reserve Price: $200,000
Buyer's Premium: 6% ($40,000 minimum applies)
Cooperating Broker's Commission: 2%
Pre-Auction Bids Highly Encouraged!
