LOT SIZE 1.650 acres
MLS#12576537
STATUSActive
PROPERTY TYPELand - Residential
SCHOOLDistrict 86
Property Description
1.65 acres! Prime residential redevelopment opportunity in Downers Grove, Illinois, approximately 3.5 acres total, consisting of three contiguous/closely aligned parcels with significant frontage of 392' along Oldfield Rd and 499' along Frontage Rd. This assemblage offers meaningful scale for a builder or developer seeking a higher-utility infill site with flexible configuration and the potential to create a density-supported plan (subject to zoning, approvals, and any required variances), currently zoned R-3 which further supports the site's long-term development viability. The combined footprint and layout provide a strong framework for single-family homes, residential group homes, other residential-style redevelopment depending on municipal review and site engineering. The site's general shape allows for efficient planning, including potential internal access/drive design, parking solutions, and building orientation, key advantages when pursuing a higher-and-best-use redevelopment concept. Utilities to the properties are city sewer, electric and gas, with city water connection at the street, buyers should conduct due diligence regarding any required extensions or upgrades. Exceptional location with quick access to major expressways, highly rated schools, premier shopping and dining, airports, and close proximity to luxury home communities. Ownership's preference is to market and sell as a single assemblage to maximize the site's development potential and value. A strong fit for builders and developers looking for a larger site with substantial street presence, in a community aligned with new residential development. Exceptional location with quick access to major expressways, highly rated schools, premier shopping and dining, airports, and close proximity to luxury home communities. The adjoining addresses are 315 Oldfield, 325 Oldfield and 400 Frontage Road for a total asking price of $1,925,000.
Property Features
Property Type: Land - Residential
Basement: Yes
Basement: Unfinished, Full
Lot Size: 1.65 Acres
Taxes: $6,112
Feature Descriptions
Additional Structures: Garage(s), Residence
Current Use: Single Family
Frontage: 495
Frontage Type: City Street, Frontage Road
Lot Dimensions: 495x142x469x155
Parcel#: 1005203006
Possible Use: Multi-Family, Single Family
Road Surface: Asphalt
Total Rooms: 12
Township: Downers Grove
Utilities: Electric to Site, Natural Gas Available, Sewer Connected, Water Nearby
Local Schools
High School: Hinsdale South High School
Middle School: Cass Junior High School
Elementary School: Concord Elementary School
School District: District 86
Listed By / Shown By
Listed By
Agency Name: Berkshire Hathaway HomeServices Chicago
Agency Phone: 630-325-7500
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
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Estimated Payment
$ 2,774.84 per month $2,003.01 Principal & Interest $509.33 Property Tax $262.50 Homeowner's InsuranceChange Payment Information
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400 Frontage Road | MLS# 12576537
This land located at 400 Frontage Road, Downers Grove, IL 60516 is currently listed for sale with an asking price of $900,000. The property has approximately 1.65 Acres. Frontage Road is located within the District 86 school district. Search Downers Grove real estate on www.bhhscrosby.com today.