01 Route 72 Pingree Grove, IL 60140
Far West Elgin NeighborhoodEstimated payment $4,686/month
About This Lot
Prime 11-acre retail development opportunity subdivided into five pad-ready sites with a wide variety of compatible uses. Two pads are designed for free-standing QSR drive-thru operators, while the remaining sites include continuous parcels of up to six acres for larger retail, medical, or service-based concepts. The property benefits from strong visibility, walkable neighborhood proximity, and traffic counts over 12,000 vehicles per day near a signalized intersection. Located in one of Illinois' fastest-growing suburbs with over 12,000 residents and a median household income of $120,000, this area remains significantly underserved and positioned for commercial expansion. The Village is highly supportive of new development and eager to work collaboratively to bring in services and amenities the community is actively seeking. Price is per acre, pad-ready.
Property Details
Property Type
- Land
Est. Annual Taxes
- $8,882
Lot Details
- 1 Acre Lot
- Lot Dimensions are 955.68x424x480x1229x73
- Property fronts a state road
- Additional Parcels
- Property is zoned COMMR
Utilities
- Electricity To Lot Line
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/24/2025 11/24/25 | For Sale | $750,000 | -25.0% | -- | |
| 11/08/2022 11/08/22 | Sold | $1,000,000 | -33.3% | -- | View Prior Sale |
| 09/07/2022 09/07/22 | Pending | -- | -- | -- | |
| 05/13/2022 05/13/22 | For Sale | $1,500,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12517245
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Based on information submitted to the MLS GRID
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