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1100 W Lake St 6.1 Acres of Commercial Land Offered at $3,600,000 in Addison, IL 60101
INVESTMENT HIGHLIGHTS
- Exceptional 6.10-acre development opportunity located along Lake Street/Route 20 near Interstate 355 in a growing Chicago suburb.
- Located in a lively community, surrounded by stable, well-maintained resident neighborhoods, mixed-use, and commercial establishments.
- Prominent frontage of over 750 feet along Lake Street, providing excellent exposure to more than 35,700 daily drivers.
- Situated about 20 miles west of Chicago’s Loop with easy access to Interstates 355 and 290, and the Chicago O’Hare International Airport.
EXECUTIVE SUMMARY
1100 W Lake Street offers an impressive development opportunity in a thriving suburban Chicago location. This 6.10-acre site is zoned R-3B PUD, suitable for low-density multifamily, senior living, or assisted living development. 4% Financing Available. The property provides 750 feet of excellent frontage along Lake Street with exposure to over 35,700 vehicles daily.
Investors will benefit from 1100 W Lake Street's strategic location, substantial submarket climate, and growing community. The Northeast DuPage County multifamily market has several advantages: four major expressways (Interstates 88, 355, 290, and 294), proximity to Chicago O'Hare International Airport, and numerous retailers in and around the Oak Brook Center Mall. Chicago O'Hare International Airport, as well as Interstates 290 and 355, make business travel and daily commuting a breeze.
Addison is situated approximately 20 miles west of Chicago's Loop, surrounded by forest preserves, lakes, creeks, and reservoirs. This ideal location between the modern luxuries of a metropolitan city and the beauty of nature sets Addison apart. Addison is also home to a distinctly close-knit community with no shortage of things to do in town, from performing and visual arts events to numerous restaurants and parks offering hiking, biking, and other outdoor activities.
Investors will benefit from 1100 W Lake Street's strategic location, substantial submarket climate, and growing community. The Northeast DuPage County multifamily market has several advantages: four major expressways (Interstates 88, 355, 290, and 294), proximity to Chicago O'Hare International Airport, and numerous retailers in and around the Oak Brook Center Mall. Chicago O'Hare International Airport, as well as Interstates 290 and 355, make business travel and daily commuting a breeze.
Addison is situated approximately 20 miles west of Chicago's Loop, surrounded by forest preserves, lakes, creeks, and reservoirs. This ideal location between the modern luxuries of a metropolitan city and the beauty of nature sets Addison apart. Addison is also home to a distinctly close-knit community with no shortage of things to do in town, from performing and visual arts events to numerous restaurants and parks offering hiking, biking, and other outdoor activities.
PROPERTY FACTS
| Price | $3,600,000 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 6.10 AC |
| Zoning | R-3B PUD - Multifamily Planned Development | ||
| Price | $3,600,000 |
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 6.10 AC |
| Zoning | R-3B PUD - Multifamily Planned Development |
1 LOT AVAILABLE
Lot
| Price | $3,600,000 | Lot Size | 6.10 AC |
| Price Per AC | $590,163.93 |
| Price | $3,600,000 |
| Price Per AC | $590,163.93 |
| Lot Size | 6.10 AC |
This 6.10-acre lot benefits from more than 750 feet of direct frontage along Lake Street. It is zoned for multifamily development, ideal for senior housing.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $691,731 | Total Assessment | $691,731 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$691,731
Improvements Assessment
$0
Total Assessment
$691,731
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1100 W Lake St
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