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117 W Virginia St
0.56 Acres of Commercial Land Offered at $3,500,000 in Elmhurst, IL 60126
Investment Highlights
- Rare opportunity to develop for sale or for rent multifamily
- By right construction allows for a 32 unit, 6 story concept with on grade parking
- Heart of downtown Elmhurst
Executive Summary
Property Facts
1 Lot Available
Lot
| Price | $3,500,000 | Lot Size | 0.56 AC |
| Price Per AC | $6,250,000 |
| Price | $3,500,000 |
| Price Per AC | $6,250,000 |
| Lot Size | 0.56 AC |
Rare opportunity to develop for sale or for rent multifamily in the heart of downtown Elmhurst, the bustling DuPage County suburb. By right construction allows for a 32 unit, 6 story concept with on grade parking.
Description
Rare opportunity to develop for sale or for rent multifamily in the heart of downtown Elmhurst, the bustling DuPage County suburb. By right construction allows for a 30 unit, 6 story concept with on grade parking. Occupants would enjoy a true walk to town location in a submarket where rents approach $3.00/SF and for sale multifamily products exceeds $550/SF. Ownership can provide concept construction documents, layouts, and estimate request with execution of NDA.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $210,160 | |
| Land Assessment | $92,290 | Total Assessment | $302,450 |
PROPERTY TAXES
zoning
| Zoning Code | CBOCR (Central Business Outer Core Residential) |
| CBOCR (Central Business Outer Core Residential) |
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Shamus Conneely -
John Greene Commercial
Presented by
117 W Virginia St
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