5n210 Central Road, Itasca, IL, 60143

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$17,589,548
243 Days Online

5n210 Central Road
Itasca, IL 60143

For Sale|Land|Active
County:
Du Page
Listing Courtesy of MRED as distributed by MLS Grid of Coldwell Banker Realty 630-954-4600

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5n210 Central Road5n210 Central Road5n210 Central Road5n210 Central Road
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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.

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Listing Snapshot
Price 
$17,589,548
Days Online 
243 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
20.05 Acres
Year Built 
N/A
MLS® Number 
11608085
Status 
Active
Property Tax 
$3,949
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS®
a month agoPrice changed to $17,589,548
8 months agoListing first seen online
General Features
Parking Spaces 
0
Acreage 
20.05
Zoning 
COMMR
General Information 
None
Lot Size 
10.0-24.99 Acres
Parking Total 
0
Interior Features
Utilities 
Electric to SiteGas to SiteSanitary SewerWater to Site
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Exterior Features
Waterfront Property 
No
Community Features
Township 
Addison
MLS Area 
Itasca
Schools
School District
4
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing Courtesy of MRED as distributed by MLS Grid of Coldwell Banker Realty 630-954-4600



Based on information submitted to the MLS GRID as of 2024-04-18 11:10 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data last updated: 2024-04-18 11:10 AM UTC
MRED DMCA Copyright Information Copyright © 2024 Midwest Real Estate Data LLC. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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