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300 N East River Rd - Development Opportunity - Des Plaines 6.5 Acres of Residential Land Offered at $2,950,000 in Des Plaines, IL 60016
INVESTMENT HIGHLIGHTS
- Perfect for WIDE townhomes with Primary Suites on First floor, as there is NO product out there, for the ever-growing Empty Nester crowd.
- A new apartment building (The Monarch) and a 16-unit townhome development on (1) one acre under construction selling/sold in the high 400’s
- (DP River Trail, Lake Opeka). Easy commute to employment hubs via Car/Metra. The 6.5-acre site is in the northern area (unincorporated) of Des Plaines
- Creative planning can procure a higher density townhome development.
- Community Consolidated School District 62 and Maine Township High School District 207. Access to forest preserves, parks, and bike trails
- We have paved the way for the Path of Annexation with the City, and and the city is encouraging townhome development on this site. Clean Environment.
PROPERTY FACTS
| Price | $2,950,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| Sale Condition | Build to Suit | Total Lot Size | 6.50 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | ||
| Zoning | R-3 - Residential – City encouraging townhome development | ||
| Price | $2,950,000 |
| Sale Type | Investment |
| Sale Condition | Build to Suit |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 6.50 AC |
| No. Stories | 1 |
| Zoning | R-3 - Residential – City encouraging townhome development |
1 LOT AVAILABLE
Lot
| Price | $2,950,000 | Lot Size | 6.50 AC |
| Price Per AC | $453,846.15 |
| Price | $2,950,000 |
| Price Per AC | $453,846.15 |
| Lot Size | 6.50 AC |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $170,663 | Total Assessment | $170,663 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$170,663
Improvements Assessment
$0
Total Assessment
$170,663
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300 N East River Rd - Development Opportunity - Des Plaines
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