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Investment Highlights

  • Adjacent to Metra Station, creating a compelling transit-oriented housing opportunity.
  • Approx. 15 minutes to O'Hare and excellent access to I-90 and regional employment centers.
  • Positioned within the nation's third-largest metro and one of its most diverse economies.
  • Approx. 6.49 acres with utilities in place and exceptional northwest suburban connectivity.
  • Strong transportation access helps attract residents seeking flexible commuting options.
  • Ideal for multifamily developers seeking a rare transit-oriented redevelopment site.

Executive Summary

6.49 Acres Adjacent to Metra. Rare. Strategic. Positioned for Transit-Oriented Multifamily Development.
Some development sites have land.
Some have transportation.
Some have demographics.
Very few have all three.
414 E. Golf Road offers approximately 6.49 acres directly adjacent to the Cumberland Metra Station in Des Plaines. The site sits within one of the most connected transportation corridors in metropolitan Chicago and benefits from visibility along Golf Road, approximately 30,000 vehicles per day, utility availability, access to O'Hare International Airport, and proximity to employment centers throughout the northwest suburbs.
This is not another isolated suburban development parcel.
This is the type of transit-oriented site that municipalities increasingly want to see developed.
The property is currently zoned C3. According to the marketing materials, Des Plaines would consider redevelopment concepts that support transit-oriented land uses adjacent to the Metra station. Buyers should independently verify zoning requirements, density allowances, and municipal planning objectives.
Why Residents Will Choose This Location
People have choices.
Increasingly they are choosing convenience.
They want access to transportation.
They want shorter commutes.
They want proximity to employment centers.
They want walkability.
They want flexibility.
414 E. Golf Road delivers those advantages.
Residents can access Metra service directly adjacent to the property. O'Hare International Airport is approximately fifteen minutes away. Downtown Chicago, the northwest suburbs, and major employment centers throughout Cook County are readily accessible.
For future residents, transportation access becomes a lifestyle amenity.
For developers, transportation access becomes a leasing advantage.
For investors, transportation access often supports long-term demand.
Transportation Creates Value
Transportation is one of the most powerful drivers of multifamily value.
The site benefits from:
Direct adjacency to Cumberland Metra Station
Excellent access to I-90
Access to the regional expressway network
Approximately 15 minutes to O'Hare International Airport
Golf Road frontage
Approximately 30,000 vehicles per day
Access to employment throughout the northwest suburban market
The strongest multifamily developments are often positioned where residents can choose multiple transportation options.
This site checks that box.
Why Chicago Continues to Win
People move where opportunity exists.
The Chicago metropolitan area contains approximately 9.4 million residents, making it the third-largest metropolitan area in the United States.
The region supports approximately 30 Fortune 500 headquarters and approximately 243,000 technology jobs while maintaining strength across healthcare, finance, transportation, logistics, manufacturing, professional services, and corporate headquarters operations.
These employers generate residents.
Residents generate demand.
Demand creates housing opportunities.
Chicago remains one of North America's most durable and diverse economic engines because it is not dependent upon a single industry.
That diversity helps create stable housing demand across multiple economic cycles.
Why Des Plaines Works
Des Plaines offers many of the advantages residents seek today:
Access to O'Hare employment
Access to downtown Chicago
Metra commuter rail service
Established residential neighborhoods
Access to retail and services
Strong northwest suburban demographics
Transportation connectivity
Many communities have housing demand.
Few communities have housing demand combined with commuter rail access and direct proximity to the O'Hare employment corridor.
That combination creates opportunity.
Why This Site Is Different
Many multifamily sites require developers to create demand.
This site allows developers to capitalize on existing demand drivers.
The property offers:
Approximately 6.49 acres
Utility service available
Golf Road exposure
Metra adjacency
O'Hare proximity
Potential transit-oriented development appeal
Strong regional transportation infrastructure
Approximately 30,000 vehicles per day
Sale price of $4.5 million
Sites with this combination of scale, transportation access, visibility, and location rarely become available.
Once developed, they rarely return to the market.
The Bears Opportunity
The marketing materials note that the site is approximately two train stops from the proposed Arlington Heights Bears stadium location. The Bears own the former Arlington Park property, but any stadium development remains subject to governmental and development approvals and should not be treated as certain.
However, if Arlington Heights ultimately becomes the future home of the Chicago Bears and associated mixed-use development, regional visibility and investment throughout the northwest suburban corridor could increase.
The good news for buyers is that the site's value proposition does not depend upon that outcome.
The Metra station is already here.
O'Hare is already here.
The labor pool is already here.
The transportation infrastructure is already here.
Broker Perspective
After nearly three decades helping companies and investors evaluate Chicago-area real estate, one lesson remains consistent:
The hardest thing to create is location.
You can build apartments.
You can redesign floorplans.
You can improve amenities.
You cannot recreate a 6.49-acre site adjacent to a Metra station in the northwest suburbs.
414 E. Golf Road offers transportation access, visibility, utility service, O'Hare proximity, and transit-oriented development potential in a market where developable land continues to become increasingly scarce.
Strong locations matter.
Transit matters.
Opportunity matters.
This site offers all three.

Financial Summary (Actual - 2023)

Annual Annual Per AC
Taxes $55,506 $8,552.54
Operating Expenses - -
Total Expenses $55,506 $8,552.54

Financial Summary (Actual - 2023)

Taxes
Annual $55,506
Annual Per AC $8,552.54
Operating Expenses
Annual -
Annual Per AC -
Total Expenses
Annual $55,506
Annual Per AC $8,552.54

Property Facts Under Contract

Price $4,500,000
Sale Type Investment or Owner User
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Industrial
Proposed Use
Commercial
  • Industrial
  • Retail
  • Multifamily
  • Manufactured Homes or Mobile Home Park
Total Lot Size 6.49 AC
Zoning C-3 - Current zoning C3

1 Lot Available

Lot

Price $4,500,000
Price Per AC $693,374.42
Lot Size 6.49 AC

6.49 acres available

Fairly walkable
40/100
Exceptionally drivable
100/100
Exceptional public transit
90/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 09-18-200-008-0000
  • 09-07-316-001-0000
  • 09-18-200-009-0000
Land Assessment
$689,321 (2025)
Improvements Assessment
$3,735 (2025)
Total Assessment
$693,056 (2025)
Annual Taxes
$55,506
Tax Year
2023
  • Listing ID: 37170975

  • Date on Market: 8/7/2025

  • Last Updated:

  • Address: 414 E Golf Rd, Des Plaines, IL 60016

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