Residential Land Approved for
For Sale
$1,400,000
425 Benjamin Drive, Vernon Hills, IL 60061
Land approved for 40-unit condo building in Vernon Hills.
Property Size1 SF
Lot Size1.00 Acre
Price / SF$1,400,000
Days on Market142
Property Features for 425 Benjamin Drive
General Information
Standard status
Active
Size
1 SF
Lot size
1.00 Acre
Property subtype
Land
Listing Agency:
CBRE | Oak Brook
(630) 573-7068
Listed By:
Matt Ishikawa
(630) 573-7068
Source:
Cbre
Added: Mar 25
Changed: Aug 8
Last Checked: Jul 16 at 5:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Oak Brook
Investment Insights
Based on property information with market context.
This 1-acre property, zoned R-7, is fully improved and approved for the construction of a 40-unit condominium building. It is an infill development site suitable for townhomes, multifamily residences, or condominiums. The location is within the Adlai E Stevenson High School District. The property includes access to at least 100 parking spaces, with 62 inside heated spaces available from the adjacent development. A left turn IDOT permit is in place, and detention is accommodated off-site. The property is located near a forest preserve with walking trails.
Key Highlights
- Approved for a 40‑unit condo building
- Zoned R‑7, suitable for townhomes, multifamily, or condominiums
- Excellent infill development site
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
Explore this area
Business Placement
Demographics for 60061, IL
27,581
Population
11,649
Households
2.4
Avg Household Size
41
Median Age
66%
College-Educated
96%
High-School Grad
8.4 sq mi
ZIP Area
3,283
Density / Sq Mi
$121,588
Median Household Income
$60,647
Median Earnings
$1,862
Median Rent
$390,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Land approved for 40-unit condo building in Vernon Hills.
Where is this residential land & home lot located?
The property is located at 425 Benjamin Drive Vernon Hills, IL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Approved for a 40‑unit condo building; Zoned R‑7, suitable for townhomes, multifamily, or condominiums; Excellent infill development site
