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Property Detail

Lincoln Highway
Opportunity to capitalize on a sizable plot of land ready for a mixed-use property .
$140,319
Manufacturer: https://www.cbre.com/

Description

  • Opportunity to capitalize on a sizable plot of land ready for a mixed-use property that features a series of ground-floor retail units.
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  • Benefits from a high traffic area that sees 20,272 vehicles pass along the nearby intersection of Lincoln Highway and Bricher Road SE each day.
  • Located in a community with an average household income of $140,319 per year within a 5-mile radius of the property.
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  • Surrounded by national and regional retailers like Lowe's, Costco, Dick's Sporting Goods, Meijer, Victoria's Secret, and Jewel-Osco.

Executive Summary

Prairie Centre is a best-in-class mixed-use redevelopment of the former 27-acre St. Charles Mall. Located in the heart of the vibrant Tri-Cities area of St. Charles, Geneva, and Batavia, the project includes 670 residential units and up to 116,000 square feet of commercial space.

The sizable plot of land at NEQ Randall and Lincoln Highway offers the opportunity to develop commercial space at the heart of a retail hub and affluent community. The site offers a 69,696-square-foot lot divisible down to 29,621 square feet, suitable for a mixed-use development that supports a series of retail units on the ground floor. Buyers will find that the property is located in one of the state’s most affluent communities, home to 105,668 residents who boast an average household income of $140,319 per year within a 5-mile radius of the property. The considerable level of disposable and discretionary income lends to the area’s abundance of national and regional retailers that include Lowe’s, Costco, Dick’s Sporting Goods, Meijer, The Fresh Market, Lane Bryant, Crate & Barrel, DSW Designer Shoe Warehouse, Bath & Body Works, Williams-Sonoma, Victoria’s Secret, Loft, Jewel-Osco, and Barnes & Noble.

The wealth of traffic generators is also a key to 20,272 vehicles passing along the nearby intersection of Lincoln Highway and Bricher Road SE each day, in addition to the site’s placement directly on Lincoln Highway/Route 38, the area’s main thoroughfare. The site at NEQ Randall and Lincoln Highway is the ideal location for a ready-made plot of land at the heart of an affluent community.

NEQ Randall & Lincoln Highway - Prairie Centre

Listing ID : 00835

SKU: 835

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Price History

DateEventPrice
December 12 2024Listed$140,319.00