Listing provided courtesy of WEB VIDEO RealtyMREDas Distributed by MLSGrid- MLS# 12501953MLS Provider

101 Watters DriveDwight, IL 60420

Commercial · 17,500 Sq. ft.
$1,990,000 Active

101 Watters Drive Overview

Time on Site:
250 days
Visits:
3

MAJOR PRICE REDUCTION: Acquisition Cost Slashed by $460,000! This is an urgent call for users and investors to seize a premier commercial property now available at $1,490,000. Meticulously maintained and engineered with superior, modern construction, this 17,000 SF former car dealership offers a massive, highly flexible 5-acre site with expansive frontage on Route 17, immediately off Interstate 55. This new price point creates an undeniable opportunity for high-capacity industrial, logistics, or fleet operations. Strategic Location: Midwest Connectivity This property is strategically positioned in the heart of Illinois' primary transportation network, offering unparalleled connectivity for distribution, fleet, and corporate users: I-55 Visibility: Direct exposure and immediate access from I-55 at Exit 217. Benefit from a daily traffic count exceeding 20,800 vehicles. Central Corridor Hub: Located near the intersection of major interstates, providing direct access to: I-80 (East/West): The main Midwest cross-country freight route. I-39 (North/South): Critical link to Rockford and the central Illinois market. Intermodal Proximity: Just 35 miles from the Port of Entry Elwood Intermodal Rail Yard, making this a prime location for major trucking, distribution, and logistics operations. Executive Connectivity: The recently upgraded Dwight Amtrak Station provides comfortable, high-speed rail access for executive travel to/from Chicago or St. Louis. Facility Highlights: High-Capacity & Adaptable The 17,000 SF building is a specialized, ready-to-use asset perfectly suited for intensive commercial operation and ready for adaptation: Land & Parking: Expansive 5-acre lot featuring a 46,800 SF paved and lighted parking lot-ample space for truck, fleet, or equipment storage and inventory. Industrial Infrastructure: Features a dedicated, heated drive-through bay, a 3-vehicle heated wash bay, and robust 440 electric service ready to handle industrial equipment or charging stations. Showroom & Office: Includes a striking 6,720 SF showroom with track lighting (easily converted to warehouse or flex space) and an organized 1,500 SF office suite (6 private offices, 3 restrooms, ADA accessibility) plus a dedicated parts department and multiple storage rooms. Potential & Economic Development This flexible C-2 (Commercial) zoning supports a wide range of high-value uses, ensuring maximum investor return: Ideal Adaptive Reuse: Trucking/Fleet Maintenance Hub, Distribution/E-commerce Fulfillment Center, Heavy Equipment/Farm Implement Sales and Storage, or Warehouse conversion. Economic Development Opportunity: The property is located in an area actively seeking new investment. New owners/users may be eligible for local and county programs such as a Property Tax Abatement on new improvements or Revolving Loan Fund assistance. Buyer must verify specific program eligibility with the Village of Dwight. THIS IS THE TIME TO CAPTURE A PREMIUM I-55 ASSET AT A DRAMATICALLY REVISED PRICE. Contact

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101 Watters Drive Facts & Features

  • Type Commercial
  • Sq. ft. 17,500
  • Price/Sq.ft. $114

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Net Operating Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 1993

Business Information

  • Business Type: Retail
  • Current Use: Commercial,Automotive

Location/Region

  • County Or Parish: Livingston
  • MLS Area Major: Dwight
  • Township: Dwight

Rent/Lease Information

  • Tenant Pays: Other

Tax Information

  • Tax Annual Amount: $34,558.90
  • Tax Year: 2023

General Information

  • Parcel Number: 050508226009
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 17500

General Information

  • Cooling: Central Air
  • Electric: Service - 201 to 600 Amps
  • Flooring: Carpet, Concrete
  • Leasable Area: 0
  • Stories: 1

Unit Information

  • Unit SqFt.: 17500

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 5 ACRES
  • Lot Size Square Feet: 217800

General Information

  • Number Of Units Total: 1

101 Watters Drive Neighborhood

Community

60420 (Dwight) Demographics

38
Median Age
47
Population Density (per sq. mile)
25%
College Educated
$60,417
Estimated Median Income
1,296
Estimated Total Home Owners
518
Estimated Total Renters
71% / 29%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

101 Watters Drive Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

101 Watters Drive Market Data

Based on the last 30 days in this zip code

$269,518
Average List Price
$133
Average Price per Square Foot
5
Properties Sold
38
Average Days on Market
11
Properties for Sale
Calculations provided by Reliance Network

101 Watters Drive History

Date Event Value Agent
5/13/2026Source: MRED Status Change
Active
5/8/2026Source: MRED Price Increase
$1,990,000 33.6%
5/8/2026Source: MRED Status Change
Price Change
10/27/2025Source: MRED Status Change
Active
10/22/2025Source: MRED Added to Database
October 22, 2025