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275 E Roosevelt Rd 1.44 Acres of Commercial Land Offered at $695,000 in West Chicago, IL 60185
Investment Highlights
- Perfect for Multi-Use (2 sides with residential, 2 sides with retail)
- Centrally located for job communting
- Walkability to shopping (Jewel, Starbucks, Restaurants)
Executive Summary
The site already benefits from existing utilities, curb and gutter, street access, and some underground work completed, reducing both time and cost to bring a project to market.
With strong traffic counts, proximity to Metra, and easy access to surrounding DuPage County employment centers, the location is perfectly suited for a neighborhood-serving retail component paired with high-demand residential units. Roosevelt Road continues to attract new investment, and West Chicago’s limited supply of new construction rentals makes this site especially attractive for developers seeking long-term income or build-to-sell strategies.
Mixed-Use Development Potential
A concept plan has been prepared illustrating the site’s ability to support a vibrant mixed-use community, including:
• Three (3) street-facing retail units
Perfect for café, boutique, service retail, or neighborhood commercial tenants seeking visibility and easy access.
• Four (4) residential condos above or adjacent to retail
Ideal for owner-occupants or rental inventory, offering modern layouts and strong absorption potential.
• Twelve (12) new-construction townhomes
Highly desirable in West Chicago’s undersupplied rental and for-sale market. Townhomes in this submarket command premium rents and attract long-term, stable residents.
This configuration creates a balanced income stream, diversified tenancy, and a community-oriented layout that aligns with current suburban demand trends.
Key Highlights
Zoning: B-2 Mixed Commercial/Residential (flexible for redevelopment)
Utilities: Water, sewer, gas, electric, cable, and telephone already at site
Site Condition: Level topography, rough-graded, with retention area and underground work in place
Frontage: Strong exposure along Roosevelt Road
Surroundings: Retail, residential neighborhoods, schools, parks, and Metra access
Ideal Uses: Mixed-use, townhomes, retail pads, small-format multifamily, or a phased development strategy
Why This Site Works
- High-traffic corridor with excellent visibility
- Strong suburban rental demand and limited new supply
- Flexible zoning supporting multiple development paths
- Infrastructure already in place, reducing upfront costs
- Perfect scale for mid-size builders and private developers
Attractive long-term hold or build-and-sell exit options
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts
| Price | $695,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 1.44 AC |
| Property Type | Land | ||
| Zoning | B-2 - B-2 zoning in West Chicago, IL usually allows for a mix of commercial and residential. | ||
| Price | $695,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 1.44 AC |
| Zoning | B-2 - B-2 zoning in West Chicago, IL usually allows for a mix of commercial and residential. |
1 Lot Available
Lot
| Price | $695,000 | Lot Size | 1.44 AC |
| Price Per AC | $482,638.89 |
| Price | $695,000 |
| Price Per AC | $482,638.89 |
| Lot Size | 1.44 AC |
275 E. Roosevelt Road offers a rare opportunity to acquire a prime 1.44-acre mixed-use development site along one of West Chicago’s most visible and well-traveled corridors. Located within the B-2 zoning district.
Description
275 E. Roosevelt Road presents a rare opportunity to acquire a prime 1.44-acre mixed-use development site along one of West Chicago’s most visible and well-traveled commercial corridors. Located within the B-2 zoning district, the property supports a flexible blend of commercial and residential uses, making it ideal for a modern, community-focused redevelopment. The site features level topography, rough grading, and a substantial amount of existing infrastructure, including curb and gutter, streets, electricity, gas, water, sewer, cable, and telephone, all already in place . A retention area and some underground work have also been completed, reducing both development time and upfront costs. This parcel is exceptionally well-suited for a mixed-use concept that could include three street-facing retail units, four residential condos, and twelve new-construction townhomes. Retail tenants benefit from strong traffic counts and excellent visibility along Roosevelt Road, while the residential component aligns with the area’s growing demand for modern, well-designed housing. The combination of retail, condos, and townhomes creates a balanced, diversified income profile and positions the site as a standout infill opportunity within DuPage County. Surrounded by established neighborhoods, schools, parks, and major transportation routes—including proximity to Metra—this location offers exceptional connectivity and long-term growth potential. Whether pursued as a build-to-hold investment or a phased development strategy, 275 E. Roosevelt Road stands out as one of West Chicago’s most compelling redevelopment opportunities.
Property Taxes
| Parcel Number | 04-15-117-038 | Total Assessment | $27,099 (2024) |
| Land Assessment | $27,099 (2024) | Annual Taxes | ($1) |
| Improvements Assessment | $0 (2024) | Tax Year | 2025 |
Property Taxes
Presented by
Pastime Condos, Inc.
275 E Roosevelt Rd
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