17.5 Acre Prime Development Parcel

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    LCFS - Illinois Portfolio

    Land
    Addison, IL
    For Sale
    17.5 Acres

    Highlights

    Prime 17.5 Acre Chicagoland Redevelopment Parcel

    Recently Appraised: $5,800,000

    ALL OFFERS CONSIDERED!

    Originally opened as an orphanage in 1873, the property has since served as a school and a youth residential treatment facility. After 144 years in use, this property represents one of the largest single development parcels available along the heavily-traveled US 20 corridor. The property offers high visibility and easy access with over 780' of frontage along Lake Avenue. With flexible zoning and a collaborative, pro-development Village board, the development possibilities are virtually endless.

    Property Highlights:

    -Flexible re-zoning for commercial, mixed use or senior housing
    -780' of frontage along US 20 (Lake St.) 
    -Good visibility and access (27,000+ ADT)

     

    CLICK HERE TO VIEW ADDITIONAL DUE DILIGENCE DOCUMENTS

    Description

    Set in the heart of Addison, the site is located among a variety of local and national retail tenants, Addison Junior High and High School, municipal offices, and offers immediate proximity to I-355, I-290, I-294 and O'Hare International Airport.

    Offers should be delivered to the offices of Hilco Real Estate, Attention: Steve Madura, 5 Revere Drive, Suite 320, Northbrook, IL 60062 or via email to smadura@hilcoglobal.com.  

     

    Contact Broker

    Steve Madura
    (P) - (847) 504-2478
    (E) - smadura@hilcoglobal.com

    Mallik Virupannavar
    (P) - (847) 418-2702
    (E) - mvirupannavar@hilcoglobal.com