400 Frontage Road,Downers Grove, IL 60516
Downers Grove, IL 60516
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.
Details
| MLS # | 12576537 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 174 |
| Listing Provided By | Berkshire Hathaway HomeServices Chicago | Elaine Pagels |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 2 Total |
| Basement | Y |
| Story(s) | 2 |
| Zoning | SINGL |
| Acreage | 1.65 |
Interior
| Rooms Total | 12 |
|---|---|
| Heating | Natural Gas |
| Fireplaces Total | 0 |
| Laundry Features | Common Area |
Exterior
| Construction Materials | Wood, Vinyl Siding |
|---|
Parking
| Parking Features | Asphalt, Detached, Garage |
|---|
Utilities
| Utilities | Electric to Site, Natural Gas Available, Sewer Connected, Water Nearby |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 6112 |
Area Information
| State | IL |
|---|---|
| County | DuPage |
| City | Downers Grove |
| Zip Code | 60516 |
| Area | Downers Grove |
| School District | Hinsdale South High School |
| Elementary School | Concord Elementary School |
| High School | Hinsdale South High School |
| Listing VS Median (in 60516) | |
Price: $900,000 low | high Med: $537,450 On site: 174 low | high Med: 27.5 | |
Market Activity 60516
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Learn More About This Property
| State | IL |
|---|---|
| County | DuPage |
| City | Downers Grove |
| Zip Code | 60516 |
| Area | Downers Grove |
| School District | Hinsdale South High School |
| Elementary School | Concord Elementary School |
| High School | Hinsdale South High School |
| Listing VS Median (in 60516) | |
Price: $900,000 low | high Med: $537,450 On site: 174 low | high Med: 27.5 | |
