424 Forest Ave - Re-Development Opportunity Glen Ellyn 0.25 Acres of Commercial Land Offered at $2,000,000 in Glen Ellyn, IL 60137
EXECUTIVE SUMMARY
Opportunity to acquire a portion of 424 Forest Ave in Glen Ellyn, Illinois. The Property is being offered to Developers
in this well located, versatile and dynamic area. The space is approximately 12,000 SF land site (includes the N portion of existing church property) from First United Methodist Church of Glen Ellyn.
A developer has the opportunity to build up to a maximum building height of 45'. Ideal for 30+ residential units. Potential to build approximately
30,000 to 36,000 SF.
The Property is located in the heart of downtown Glen Ellyn. This location offers many nearby amenities, including many upscale restaurants, parks, and a quick walk to the train station. Its also adjacent to the new Glen Ellyn Municipal parking lot. One of the last infill sites in Glen Ellyn.
in this well located, versatile and dynamic area. The space is approximately 12,000 SF land site (includes the N portion of existing church property) from First United Methodist Church of Glen Ellyn.
A developer has the opportunity to build up to a maximum building height of 45'. Ideal for 30+ residential units. Potential to build approximately
30,000 to 36,000 SF.
The Property is located in the heart of downtown Glen Ellyn. This location offers many nearby amenities, including many upscale restaurants, parks, and a quick walk to the train station. Its also adjacent to the new Glen Ellyn Municipal parking lot. One of the last infill sites in Glen Ellyn.
PROPERTY FACTS Under Contract
| Price | $2,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.25 AC |
| Parcel Number | 05-11-328-025 |
1 LOT AVAILABLE
Lot
| Price | $2,000,000 |
| Price Per AC | $8,000,000.00 |
| Lot Size | 0.25 AC |
1 of 1
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (76)
