Reserve Sullivan Community &
Reserve Sullivan
Commercial Center)
Reserve Sullivan Commercial Center
Reserve Sullivan Commercial Center is a 17-acre development in southern Sullivan with frontage on Route 32. Located just a couple of miles north of the Lake Shelbyville marina, and across the street from employers, Hydro-Gear & Agri-Fab, this new development site will contain multiple, flexible commercial lots and a new multifamily site.
Join Sweet Vail Cafe and Event Center at our multi-tenant building along Route 32.
Property Details
Area Details
Growth Incentives
- City is providing utilities to each lot (water, power, sanitary, gas)
- Build-to-suit & land sale options
- Frontage on Route 32 available
- Very low interest build-out loan available from the City of Sullivan
- Attractive TIF District and Opportunity Zone benefits (see below)
- Across the street from Hydro-Gear and AgriFab factories (1200+ employees)
- Two miles north of Lake Shelbyville marina (3.5 million visitors per year)
Central Illinois Opportunity Fund, LLC
Qualified Opportunity Zones (QOZ) were created as part of 2017’s Tax Cuts and Jobs Act, under a new provision to Section 1400Z.
The current QOZ designations will remain in effect until 12/31/2028.
Deferral of capital gains taxes on QOZ Fund investments until 12/31/2026. 100% of gains generated from QOZ Fund investment are excluded from taxable income if asset is held at least 10 years. QOZ Fund investments are limited to equity investments in real estate, businesses, and business assets that are located in QOZ.