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Listed by Elaine Pagelsof Berkshire Hathaway HomeServices Chicago
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Est. payment /mo
2 Baths
1.65 Acres Lot
Active
400 Frontage RD Downers Grove, IL 60516
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Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12576537
Style Traditional
Full Baths 2
Annual Tax Amount $6,112
Tax Year 2024
Lot Size 1.650 Acres
Lot Dimensions 495x142x469x155
Property Sub-Type Land
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.
Location
State IL
County Dupage
Zoning SINGL
Rooms
Basement Unfinished, Full
Interior
Heating Natural Gas
Fireplace Y
Laundry Common Area
Exterior
Utilities Available Electric to Site, Natural Gas Available, Sewer Connected, Water Nearby
View Y/N true
Building
Story 2 Stories
Structure Type Wood,Vinyl Siding
Schools
Elementary Schools Concord Elementary School
Middle Schools Cass Junior High School
High Schools Hinsdale South High School
School District 63, 63, 86
Others
Ownership Fee Simple
Special Listing Condition Standard
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