17.5 Acre Prime Development Parcel

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    Offers Due

    9/20/2017
    LCFS - Illinois Portfolio

    Land
    Addison, IL
    For Sale
    17.5 Acres

    Highlights

    Prime 17.5 Acre Chicagoland Redevelopment Parcel

    BID DEADLINE: SEPTEMBER 20

    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.

    The deadline for submitting initial offers for the Addison, River Forest and Chicago, IL properties is scheduled for September 20, 2017. All interested parties are invited to submit their highest and best offers on or before this date, by 3:00 pm (CT). 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