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180 ac in Lockport, IL

301 West 2nd Street : Lockport, IL 60441

Will County, Illinois

180 Acres
Land Auction
November 20, 2020 11:00 AM
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Land Description

Auctions 11 00 AM 11/20/2020 180+/- ac located in the Star Business Park and fully zoned industrial. Just 40 minutes from Chicago, with CN and Bnsf railroads located adjacent to the east and west, respectively, tax increment financing established to help offset certain infrastructure costs, barge access, ripe for development. An exclusive easement for offsite stormwater storage enables the majority of stormwater detention to be handled offsite preserving primary land for development. Water, sewer and other utilities are already available to multiple areas on the site. Onsite are located both a fabrication shop and storage building. Deed restrictions require that the Property be used for industrial or commercial uses, protecting future development. Opportunity to obtain lease with the Illinois Department of Natural Resources Idnr, for access to the I&M Canal and the 90-foot corridors on either side, which can support development e.g. the west side of the I&M Canal corridor is ideally suited for establishment of a road for development of Business Park 3 thereby further preserving primary land for development Seller has a similar lease, but Idnr leases are not assignable. The Property was previously a petroleum refinery, but soils have been remediated, including removal of soil from ground surface to bedrock, with No Further Action NFA letters for soil issued by Iepa. Groundwater monitoring wells are in place and Seller will retain certain limited access for ongoing monitoring and limited work in order to obtain groundwater NFA letters from Iepa. Due Diligence materials are available to interested parties that complete, sign, and return a Site Access, Due Diligence and Confidentiality Agreement. This Agreement is available in the Helpful Tools & Links section on the right of this webpage. Fabrication Shop - 50'w x 200'L outside dimensions - 17'10 inside working height to rafters - 3 mechanical bay doors two doors are 16'w x 14't. one door is 14'w x 12't - 3 phase 480v 400 amp and single phase 220v/110v power available Storage Building - Main Metal Building 60' x 48' metal - Drywall and insulation with wooden trusses making 12' ceilings with an 8/12 pitch roof - 200 amp electrical service, sewer to city system never in use one floor drain in middle of building, no stains around - One 8' overhead door Note A Buyer's Premium Buyer's Fee in WI will apply for this property. Please see Terms of Sale for details. Broker Licenses IL Daniel S. Nelson, Managing Broker RE LIC 471.016793 Cody Lowderman AUC LIC 441.001255

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