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Kenilworth Land Development Opportunity 2 Retail Properties Offered at $1,375,000 in Kenilworth, IL
Investment Highlights
- Approx. 8,621 SF land site in downtown Kenilworth with easy street parking
- Great visibility and location - across the street from the Kenilworth Metra train station
- Zoning would allow for an approx. 30,000 SF new building up to 35 ft high
- Flexible B Business zoning allows for many possible uses including retail, office/medical, residential condos/apartments
- Located in Kenilworth's TIF District
- Incredible demographics with over $430K average annual income and over $1 million average home value
Executive Summary
SVN Chicago Commercial is pleased to present 515-519 Park Drive in north suburban Kenilworth, IL - an affluent north suburb of Chicago. This opportunity consists of an approx. 8,621 SF land site encompassing two properties. Existing B zoning would allow for a mixed-use, or office development approx. 35 ft high and approx. 30,000 SF. Potential uses are office, retail/restaurant, residential condos, or apartments with ground-floor commercial space and on-site parking. Priced to sell. The properties also sit in Kenilworth's Green Bay Road TIF district.
Property Facts
| Price | $1,375,000 | Number of Properties | 2 |
| Price / SF | $168.82 / SF | Individually For Sale | 2 |
| Sale Condition | Redevelopment Project | Total Building Size | 8,145 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.19 AC |
| Status | Under Contract |
| Price | $1,375,000 |
| Price / SF | $168.82 / SF |
| Sale Condition | Redevelopment Project |
| Sale Type | Investment or Owner User |
| Status | Under Contract |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 8,145 SF |
| Total Land Area | 0.19 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 519 Park Dr, Kenilworth, IL 60043 | Retail | 5,775 SF | 1990 | $775,000 |
| 515 Park Dr, Kenilworth, IL 60043 | Retail | 2,370 SF | 1949 | $599,000 |
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Kenilworth Land Development Opportunity
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