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$900,000

Est. payment - /mo

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2 Baths

1.65 Acres Lot

Active

400 Frontage 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 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

Area Downers Grove

Zoning SINGL

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas

Fireplace N

Laundry Common Area

Exterior

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

Building

Dwelling Type Land

Level or Stories 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

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