$ 425,000
-
$425,000
Price -
1
Bed -
2
Bath -
0
SqFt
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About the Listing 28134 - 217162,252840
.48 acre! 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.
Listing Highlights
Status
Active
Days on Site
41
Property Type
Vacant Land
MLS ®
12574901
Year Built
Total Square Footage
0
Lot/Acreage
0.48
County
DuPage
Area
Downers Grove
School District
63
Elementary School
Concord Elementary School
Middle School
Cass Junior High School
High School
Hinsdale South High School
Interior Details
- Bedrooms: 1
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Central Air
- Heating: Natural Gas
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished,Full,Walk-Out Access
- Other:
- Water: Well
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 8
- Lot Dimensions: 134x340313
- Zoning: SINGL
- Roof:
- Others:
- Sewer:
- Parking Features: Gravel,Detached,Garage
Financial Details
- Tax Amount: $2,841
- Taxes w/Assessments: N/A
- Tax/Property ID: 1005203005
- Tax Year: 2024
Payment Calculator
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Questions About..
315 Oldfield Rd Downers Grove, IL 60516
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