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24+ Acre O'Hare Airport Development 3 Properties in Schiller Park, IL



Investment Highlights
- • 24.353 Acres of Vacant Land Less Than 1 Mile from O’Hare International Airport
- • No Wetlands, No Floodway and Minimal Floodplain
- • Over 1,500’ Lineal Frontage on I-294
- • Written Village Support for: Office Campus - Product R&D - Entertainment & Hospitality - Showroom - Technology & Telecommunications - Data Center
- • Significant Engineering Work Has Already Been Completed for the Site
- • Property & Zoning Meet Cook County Class 6b Property Tax Incentives Prerequisites
Executive Summary
We are pleased to present a rare large-scale infill redevelopment opportunity: a chance to acquire one of the largest vacant parcels in Cook County adjacent to Interstate-294 and less than one mile from O’Hare International Airport that is accessible from nearby major roadways, including I-294, Irving Park Road and Mannheim Road in Schiller Park, Illinois.
The Village of Schiller Park has expressed written support for redevelopment of the 24.038-acre site, specifically indicating a preference for Professional Offices, Product & Research Development, Entertainment & Hospitality-Oriented Development, Retail, Restaurants and Showrooms, Technology & Telecommunications and/or Data Centers as a developable use rather than traditional truck-intensive logistics operations. Therefore, Uses centered around
logistics, freight handling, distribution terminals or other models that require ongoing semitruck operations are not considered feasible or supportable for this Property at this time.
Once a landfill that primarily accepted Construction & Demolition debris (C&D) over 50 years ago, this property has benefitted from decades of environmental analysis, engineering evaluations and years of site planning work in preparation for future redevelopment, where multiple third-party environmental and engineering consultants have verified the site’s readiness for development.
Another notable feature of this listing is the institutional knowledge of the Owner, who has controlled and operated the site since it was sited and approved for the prior waste operations. This knowledge can assist potential developers with due diligence and the final development process. Please read the Confidential Offering Memorandum (COM) in the marketing brochure, where many questions are answered including the Price, Commissions, and the Terms. Don’t miss out on this rare and exceptional opportunity!
The Village of Schiller Park has expressed written support for redevelopment of the 24.038-acre site, specifically indicating a preference for Professional Offices, Product & Research Development, Entertainment & Hospitality-Oriented Development, Retail, Restaurants and Showrooms, Technology & Telecommunications and/or Data Centers as a developable use rather than traditional truck-intensive logistics operations. Therefore, Uses centered around
logistics, freight handling, distribution terminals or other models that require ongoing semitruck operations are not considered feasible or supportable for this Property at this time.
Once a landfill that primarily accepted Construction & Demolition debris (C&D) over 50 years ago, this property has benefitted from decades of environmental analysis, engineering evaluations and years of site planning work in preparation for future redevelopment, where multiple third-party environmental and engineering consultants have verified the site’s readiness for development.
Another notable feature of this listing is the institutional knowledge of the Owner, who has controlled and operated the site since it was sited and approved for the prior waste operations. This knowledge can assist potential developers with due diligence and the final development process. Please read the Confidential Offering Memorandum (COM) in the marketing brochure, where many questions are answered including the Price, Commissions, and the Terms. Don’t miss out on this rare and exceptional opportunity!
Data Room Click Here to Access
- COM & Marketing Brochure
- Village of Schiller Park Uses in Writing
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual |
|---|---|
| Taxes |
$99,999
|
| Operating Expenses |
-
|
| Total Expenses |
$99,999
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
Property Facts
| Sale Type | Investment or Owner User | Individually For Sale | 0 |
| Status | Active | Total Building Size | 550,000 SF |
| Number of Properties | 3 | Total Land Area | 48.70 AC |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 550,000 SF |
| Total Land Area | 48.70 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Proposed Industrial Building
10230 Panoramic Dr, Schiller Park, IL 60131 |
Industrial | 300,000 SF | - | - |
|
Vacant Industrial Land
10230 Panoramic Dr, Schiller Park, IL 60131 |
Land | 24.35 AC | - | - |
|
Proposed Office Campus
10230 Panoramic Dr, Schiller Park, IL 60131 |
Office | 250,000 SF | - | - |
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SP25, LLC
24+ Acre O'Hare Airport Development
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