Active
5N210 Central Road
Itasca IL, 60143
$17,589,548
$20.14 per sqft
Active
20.05 Acres
Land
Courtesy of Coldwell Banker Realty
This Land Redevelopment Opportunity is located in Itasca, DuPage County, Illinois. Made up of 24 single family homes which offer a total of +/- 20.05 acres of land. These parcels would be included in an annexation into the village of Addison, IL. The subject land is approximately 27 miles northwest of downtown Chicago. It is close to O'Hare International Airport, major expressways, major retailers, and rail transportation. The subject land is more specifically located at the Northeast corner of the intersection of Lake Street, and Route 53. The land sits between Central Road to the West border, Grove St on the North Border, and Prescott Pl., Physician Immediate Care, Dunkin Donuts, Mario's Deli, Bigsby, DeMarco's Restaurant, and Lake Street to the South border. The village does not have a set density, but for single-family development that would generally mean somewhere between 3.6 and 5.7 units per acre. The village is in favor of zoning a multi-story condo or mixed-use building as an R4 planned development, which would allow up to six stories. The R4 district permits the development of 21-33 units per acre depending on the number of bedrooms in the units. The minimum lot size for single-family varies depending on the zoning district. This area abuts residential neighborhoods that are zoned R2 (8,400 square feet per lot) and R3A (7,600 square feet per lot). Currently, the land consists of 24 Single Family Homes which offer a total of +/- 20.05 acres of land. There is potential to acquire an additional 4.76 acres (please call for additional information). This opportunity is an Investor/Developer's Dream! An investor can take full advantage of this real estate opportunity by capitalizing on the usage of the land for redevelopment which is located in an extremely rare location in an already established suburban submarket.
11608085
MLSⓇ ID
February 17, 2023
Listed
October 2, 2024
Updated
Map
5N210 Central Road
Itasca IL, 60143
Exterior/Building Features
Lot Size
20.05 Acres
School Information
School District
4
Other Property Details
Area Name
Itasca
Taxes
$3,949
Tax Frequency
Annually
Days on Market
583
Garage
No
Parking Total
0
View
No
County
DuPage
Municipality
Addison
Pool
No
Zoning
COMMR
Courtesy of Coldwell Banker Realty, Rocco Zaccaro,
Listing Contact: 630-207-4434
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Data last updated 4:20 AM UTC, 10/2/2024