Transcript of "Jg Comm Market Info Oct 2012 Industrial"
Market Overview: October 2012New/Updated Listings and Industrial Market Intelligence Prepared by: Chris Condon email@example.com 815-693-3005 cell
Closed JGC Transactions To Date CLOSED TRANSACTIONS Property Name and/or Address Property Type Town Purchase Price ClosedMeijer Outlot No. 4 (1.06 acres) Commercial Land Plainfield $ 625,000 01/05/12712 Essington Office Building Joliet $ 1,055,000 02/28/12Drake Landings Subdivision Northville Township $ 100,000 02/29/12Minooka 59.48 Acres - Channahan Township Farm Land Minooka $ 618,450 03/02/12Kensington Station North & South Multifamily Land Aurora $ 3,425,000 03/26/12Hunt Club West 51.67 Acres Farm Land Oswego $ 645,875 03/26/12Grande Park MF Lots 6 & 7 Multifamily Land Plainfield $ 780,000 03/28/122620 N. Halsted & 6124 N. Broadway Residential Condo Building Chicago $ 1,800,000 03/30/12Minooka 80 Acres Farm Land Will County $ 850,000 03/30/12Clocktower Pointe Residential Condos Countryside $ 4,150,000 07/17/123340 LaCrosse Ln, Naperville Commercial Land Naperville $ 250,000 09/21/1220 Single Family Homes Bulk Residential Chicagoland $ 890,000 09/21/123440 LaCrosse Ln, Naperville 8,300sf Office Building Naperville $ 611,250 09/28/12
Price AdjustmentDiamond 112Description: 112.162+/- acres of land in Diamond, IllinoisPrice: $945,250Zoning: R-1 Single Family Residence, R-3 Two FamilyResidence, and B-1 Retail Business in the Village of Diamond112-acre tract of vacant land, situated on the east side of BertaRoad, south of Illinois Route 113 (Division Street) in Diamond,Illinois. Property has been annexed to the Village of Diamondand zoned for a mixture of single-family residential, multi-family residential, and retail business uses. Property wasplanned for 180 single-family homes, 54 duplexes, and 2commercial buildings. However, entitlements have not beenﬁnalized and the property remains undeveloped and is currentlybeing farmed. Located in the small but growing Coal City-Diamond area, served by Coal City Unit School District 1. Justminutes from I-55, and growing industrial, distribution, andlogistics job centers along that corridor. Close proximityto Midewin National Tallgrass Prairie and state hunting, ﬁshing,and wildlife areas, and only 20-30 minutes from all theamenities of Joliet.
New ListingThe Villas of Huntington PlaceDescription: 3 ﬁnished lots planned for 6 duplex units and1 completed duplex unit at the southwest corner of Chicago Avenueand Westmoreland Lane in Naperville, IllinoisPrice: $700,000Zoning: R3A Medium Density Multi-Family District in the City ofNaperville3 ﬁnished lots planned for 6 luxury duplex units and 1 completedluxury duplex unit. Located in East Naperville on the south side ofChicago Avenue, on Westmoreland Lane. Great location convenient toall of the amentities of downtown Naperville (shopping & dining,Riverwalk, museums, North Central College, Metra/Amtrak service,Edward Hospital), and easily accessible to I-88 and I-355. Across thestreet from Naperville Country Club and close to many other parks,forest preserves, and golf courses. Served by schools in highly-regarded Naperville School District 203. The completed duplex unitincludes 2,500 square feet of space on 2 ﬂoors, plus a full basementand 2-car garage. Includes 4 bedrooms (including ﬁrst-ﬂoor mastersuite), a loft, 2.5 bathrooms and many custom, luxury featuresthroughout. The ﬁnished lots are included in a bulk package with theexisting unit
New ListingLincoln Station - OswegoDescription: 19.51+/- acres of commercial land on the east side of U.S.Route 30, half a mile south of U.S. Route 34, in Oswego, IllinoisPrice: $850,000Zoning: B-3 (Commercial Service and Wholesale District) in the Villageof Oswego19.51+/- acres of commercial land, situated along the east side of U.S.Route 30, about half a mile southeast of U.S. Route 34, in eastern Oswego. The property backs up to the Lincoln Station townhome community and islocated in the area where Oswego, Montgomery, Aurora, and Plainﬁeldmeet, in an area of very high residential growth. The property beneﬁtsfrom great frontage…over 2,890 feet of non-contiguous frontage on U.S.Route 30, which sees an average of 18,600 vehicles per day. The propertyis located just off Oswego’s U.S. Route 34 corridor, which hastransformed into a regional retail area over the past decade, and is alsowithin a mile of Rush Copley Hospital and other job centers. The land hasnot been subdivided into individual ﬁnished lots, but the property has beenannexed and all utilities have been stubbed to the site or run adjacent tothe property. Property is currently being farmed and has an average soilproductivity index (PI) of 117 (Class B soils). Ideal for neighborhoodcommercial development, including small shops & retail services,restaurants, auto services, day care centers, and small ofﬁce/medicalbuildings.
The following graph depicts theaverageprice per square foot for industrialbuilding sales. The informationrepresents sales over the entireChicagoland area.
The following graph depicts totalsales volume measured in totaldollars on a quarterly basis. Theinformation represents sales overthe entire Chicagoland area.
The following graph depicts totalavailable listings active on themarket. The information representslistings over the entire Chicagolandarea.
The following graph depicts vacancyfor industrial properties over theentire Chicagoland area.