Attention all commercial investors and developers! There is a NEW opportunity for assemblage with an adjacent land parcel to enhance development potential. The combined parcels provide almost three acres to build on with 400' of frontage on Highway 20 and access via Thurnau Road. The adjacent one acre parcel could possibly deliver engineered to satisfy detention requirements. The Village is supportive of commercial development at this location. Prime location with excellent frontage exposure just west of IL47 and IL20 in Hampshire/Pingree Grove. Surrounded by new residential construction with side street access to town home community to the south. High demand for convenience shopping, pharmacy, retail services. Currently 3 buildings on the property equipped with utilities and business tenants. Leasing month to month. One apartment on upper level of main building.
PRESENTLY AGRICULTURAL IN THE HEART OF DEVELOPMENT OF DOWNTOWN PINGREE GROVE. VILLAGE MASTER PLAN LISTS THESE THREE PARCELS AS COMMERCIAL. WATER AND SEWER WILL BE AVAILABLE. PARCELS 2 & 3 02-33-481-005 & 02-33-481-006
The median home value in Pingree Grove, IL is $324,990. This is higher than the county median home value of $310,200. The national median home value is $338,100. The average price of homes sold in Pingree Grove, IL is $324,990. Approximately 86.72% of Pingree Grove homes are owned, compared to 11.89% rented, while 1.39% are vacant. Pingree Grove real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Pingree Grove real estate agent to arrange a tour today!
Pingree Grove, Illinois has a population of 9,734. Pingree Grove is more family-centric than the surrounding county with 42.7% of the households containing married families with children. The county average for households married with children is 36.28%.
The median household income in Pingree Grove, Illinois is $98,299. The median household income for the surrounding county is $88,935 compared to the national median of $69,021. The median age of people living in Pingree Grove is 37.9 years.
The average high temperature in July is 83 degrees, with an average low temperature in January of 12.8 degrees. The average rainfall is approximately 37.8 inches per year, with 31.9 inches of snow per year.