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$600,000

Est. payment - /mo

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2 Baths

1.3 Acres Lot

Active

325 Oldfield RD Downers Grove, IL 60516

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12575445

Style Other

Full Baths 2

Annual Tax Amount $5,831

Tax Year 2024

Lot Size 1.300 Acres

Lot Dimensions 104x312x130x97x60x100x32x100x132x200

Property Sub-Type Land

Property Description

1.3 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. 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

Area Downers Grove

Zoning SINGL

Rooms

Basement Unfinished, Concrete, Storage Space, Full

Interior

Heating Natural Gas

Cooling Central Air

Fireplace N

Laundry Electric Dryer Hookup, Common Area, Sink

Exterior

Utilities Available Electric to Site, Natural Gas Available, Water Nearby

Building

Dwelling Type Land

Water Well

Level or Stories 2 Stories, Tear Down

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

Listed by Elaine Pagels of Berkshire Hathaway HomeServices Chicago

Nearby School & Business

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106