December 2013 market report for Redbuck at Sorrel Ranch
Jg Comm Market Info Oct 2012 Industrial
1. Market Overview: October 2012
New/Updated Listings and Industrial Market Intelligence
Prepared by: Chris Condon
chriscondon@johngreenecommercial.com
815-693-3005 cell
2. Closed JGC Transactions To Date
CLOSED TRANSACTIONS
Property Name and/or Address Property Type Town Purchase Price Closed
Meijer Outlot No. 4 (1.06 acres) Commercial Land Plainfield $ 625,000 01/05/12
712 Essington Office Building Joliet $ 1,055,000 02/28/12
Drake Landings Subdivision Northville Township $ 100,000 02/29/12
Minooka 59.48 Acres - Channahan Township Farm Land Minooka $ 618,450 03/02/12
Kensington Station North & South Multifamily Land Aurora $ 3,425,000 03/26/12
Hunt Club West 51.67 Acres Farm Land Oswego $ 645,875 03/26/12
Grande Park MF Lots 6 & 7 Multifamily Land Plainfield $ 780,000 03/28/12
2620 N. Halsted & 6124 N. Broadway Residential Condo Building Chicago $ 1,800,000 03/30/12
Minooka 80 Acres Farm Land Will County $ 850,000 03/30/12
Clocktower Pointe Residential Condos Countryside $ 4,150,000 07/17/12
3340 LaCrosse Ln, Naperville Commercial Land Naperville $ 250,000 09/21/12
20 Single Family Homes Bulk Residential Chicagoland $ 890,000 09/21/12
3440 LaCrosse Ln, Naperville 8,300sf Office Building Naperville $ 611,250 09/28/12
3. Price Adjustment
Diamond 112
Description: 112.162+/- acres of land in Diamond, Illinois
Price: $945,250
Zoning: R-1 Single Family Residence, R-3 Two Family
Residence, and B-1 Retail Business in the Village of Diamond
112-acre tract of vacant land, situated on the east side of Berta
Road, south of Illinois Route 113 (Division Street) in Diamond,
Illinois. Property has been annexed to the Village of Diamond
and zoned for a mixture of single-family residential, multi-
family residential, and retail business uses. Property was
planned for 180 single-family homes, 54 duplexes, and 2
commercial buildings. However, entitlements have not been
finalized and the property remains undeveloped and is currently
being farmed. Located in the small but growing Coal City-
Diamond area, served by Coal City Unit School District 1. Just
minutes from I-55, and growing industrial, distribution, and
logistics job centers along that corridor. Close proximity
to Midewin National Tallgrass Prairie and state hunting, fishing,
and wildlife areas, and only 20-30 minutes from all the
amenities of Joliet.
4. New Listing
The Villas of Huntington Place
Description: 3 finished lots planned for 6 duplex units and
1 completed duplex unit at the southwest corner of Chicago Avenue
and Westmoreland Lane in Naperville, Illinois
Price: $700,000
Zoning: R3A Medium Density Multi-Family District in the City of
Naperville
3 finished lots planned for 6 luxury duplex units and 1 completed
luxury duplex unit. Located in East Naperville on the south side of
Chicago Avenue, on Westmoreland Lane. Great location convenient to
all 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 the
street 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 unit
includes 2,500 square feet of space on 2 floors, plus a full basement
and 2-car garage. Includes 4 bedrooms (including first-floor master
suite), a loft, 2.5 bathrooms and many custom, luxury features
throughout. The finished lots are included in a bulk package with the
existing unit
5. New Listing
Lincoln Station - Oswego
Description: 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, Illinois
Price: $850,000
Zoning: B-3 (Commercial Service and Wholesale District) in the Village
of Oswego
19.51+/- 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 is
located in the area where Oswego, Montgomery, Aurora, and Plainfield
meet, in an area of very high residential growth. The property benefits
from 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 property
is located just off Oswego’s U.S. Route 34 corridor, which has
transformed into a regional retail area over the past decade, and is also
within a mile of Rush Copley Hospital and other job centers. The land has
not been subdivided into individual finished lots, but the property has been
annexed and all utilities have been stubbed to the site or run adjacent to
the property. Property is currently being farmed and has an average soil
productivity index (PI) of 117 (Class B soils). Ideal for neighborhood
commercial development, including small shops & retail services,
restaurants, auto services, day care centers, and small office/medical
buildings.
6. The following graph depicts the
average
price per square foot for industrial
building sales. The information
represents sales over the entire
Chicagoland area.
7. The following graph depicts total
sales volume measured in total
dollars on a quarterly basis. The
information represents sales over
the entire Chicagoland area.
8. The following graph depicts total
available listings active on the
market. The information represents
listings over the entire Chicagoland
area.
9. The following graph depicts vacancy
for industrial properties over the
entire Chicagoland area.