$3,500,000
$3,900,000
10.3%For more information regarding the value of a property, please contact us for a free consultation.
1.69 Acres Lot
SOLD DATE : 09/30/2021
Key Details
Sold Price $3,500,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 10043034
Sold Date 09/30/21
Annual Tax Amount $54,436
Tax Year 2017
Lot Size 1.690 Acres
Lot Dimensions 73747
Property Sub-Type Land
Property Description
A 1.693 acre site near the Villa Park Metra station is available for redevelopment. The nearly two acre site is in a transit-oriented development district designed to bring modern apartments, retail, and commercial space to this section of Villa Park. Currently, the site is built-out with two retail centers and three duplex homes. Most of the residential units are leased on a month-to-month basis. The commercial properties are fully leased on short-term leases. The city has already made improvements, adding pedestrian-friendly street improvements and storm water detention to accommodate any future development. This is a very desirable area for redevelopment, with great potential for apartments, townhomes, or commercial.
Location
State IL
County Du Page
Area Villa Park
Zoning OTHER
Interior
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site, Sanitary Sewer, Water to Site
Schools
School District 48 , 48, 88
Others
Ownership Fee Simple
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Susan Silver • Millennium Properties RE, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "