5001 Sauk Trail - Lakewood Shopping Center - Outlot 3, Richton Park, IL

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5001 Sauk Trail - Lakewood Shopping Center - Outlot 3

Richton Park, IL 60471 - Far South Submarket

Property Type:Land Parcel Size:1.1 Acres
Zoning:-

For Sale Price:For Sale Price/Acre:For Sale Price/SF:-

Portfolio:This property is for sale as part of a portfolio of 5 properties. Topography:Level

Proposed Use:Retail

On-Site Improv:Raw land

As of Feb 2010 -Project on Hold / No Longer to Be Developed

Sale Notes:

CLASS 8 ELIGIBILITY
The Class 8 real estate tax incentive assesses qualifying real estate at a reduced assessment level for a period of twelve years from the date the new construction is completed. Class 8 assessment levels are ten percent (10%) of market value for ten years, fifteen percent (15%) in year eleven and twenty percent (20%) in year twelve. This incentive may also be renewed after the twelve year period has expired. This constitutes a substantial reduction from other properties in the surrounding area.

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FOR SALE CONTACTS

Caton Commercial Real Estate Group

Randy Petri

(815) 436-5700

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