FULLY ENTITLED FOR A WIDE RANGE OF DEVELOPMENT

• 1-14 acres to choose from at the NEC of Route 113 & Will Road in Diamond
• Only ½ mile to full Route 113 / I-55 interchange
• Across the street from the new under construction Jewel-Osco anchored center that will establish the area as the newest primary commercial corridor in the market
• Located in I-55 Corridor TIF District and an Illinois approved Enterprise Zone

ACCESS

• Only ½ mile to full Route 113 / I-55 interchange
• Within 5-miles of Ridgeport Logistics, Providence Logistics and the CenterPoint Intermodal and BNSF Railway Logistics Park in Elwood
• Route 113 and County Line Road intersection improvements including turn lanes are complete

I-55 CORRIDOR TIF DISTRICT

The property is within the I-55 Corridor TIF District approved by the Village in July of 2012. The TIF is in place until 2035 with funds earmarked to assist with development costs to spur the growth of the area into a regional primary commercial corridor.

ENTERPRISE ZONE

The property is located in an approved Illinois Enterprise Zone.

Businesses expanding in an Illinois Enterprise Zone may be eligible for the following state and local tax incentives if they meet certain requirements:

State Incentives and Exemptions

• Exemption on retailers’ occupation tax paid on building materials
• Expanded state sales tax exemptions on purchases of personal property used or consumed in the manufacturing process or in the operation of a pollution control facility
• An exemption on the state utility tax for electricity and natural gas
• An exemption on the Illinois Commerce Commission’s administrative charge and telecommunication excise tax
• Enterprise Zone Construction Jobs Credits: Allows eligible project owners to deduct received tax credits from their taxable income

Local Incentives and Exemptions

In addition to state incentives, each zone offers local incentives to enhance business development projects. Each zone has a designated local zone administrator responsible for compliance and is available to answer questions

Diamond Point is located at the border of Will and Grundy counties, two of the top growing counties in the Chicagoland market.

The National Household Travel Survey showed that for the discretionary travel shopping category the average drive time was over 17 minutes in 2017. The 17-minute average includes dense urban area data so the distance increases in more exurban / rural areas. In this location a drive time of 20 – 30 minutes would be conservative.

In the 20 – 30-minute drive time the population ranges from 61,000 plus to over 337,000. Given the sparsity of existing commercial, restaurant, retail and entertainment options in the market it is vastly underserved. Any new commercial use brought to the area has the potential to draw a very large base of customers in a short amount of time.

Goodwin & Associates Real Estate, LLC is an experienced Illinois land brokerage firm located in Shorewood, Illinois. We specialize in vacant land sales including farmland and commercial/residential development land. Managing Illinois Land Broker and owner, Mark Goodwin, has extensive background in both agriculture and Real Estate, which provides him the knowledge to effectively negotiate and close transactions.

Since 1996, Mark Goodwin has successfully provided brokerage services to landowners throughout the Midwest earning him the title of Accredited Land Consultant, (ALC) designated by the Realtors Land Institute. Throughout his life experiences Mark has acquired a unique background of understanding both the agricultural side of land sales as well as the development side and has made numerous valuable contacts with land owners, brokers and developers. Mark was awarded Illinois Land Broker of the Year in 2011 by the Illinois RLI Chapter.

Mark Goodwin
Phone: 815 741 2226
mgoodwin@bigfarms.com