Mixed-Use Commercial
New
For Sale
$799,900
1240 83rd St, Downers Grove, IL 60516
Mixed-use zoning allows commercial, medical office, retail, senior living, and townhome development concepts.
Property SizeContact for details
Days on Market7
Property Features for 1240 83rd St
General Information
Standard status
Active
Property subtype
Land
Listing Agency:
Exp Realty
Listed By:
The Luxe Home Team
(630) 338-7643
Source:
Theluxehometeam
Added: Aug 30
Changed: Sep 4
Last Checked: Sep 5 at 7:32AM
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 Exp Realty
Investment Insights
Based on property information with market context.
This commercial land offering consists of three contiguous properties marketed together as an assemblage at 1240, 1340, and 1406 83rd St. The combined site contains 3.75 acres and approximately 466 feet of frontage, providing a substantial development footprint for a range of mixed-use concepts.
The property is annexed to Woodridge and carries a Downers Grove mailing address. Recent zoning changes established a mixed-use designation, with the Village of Woodridge identifying senior living facilities, townhomes, neighborhood-serving commercial uses, medical offices, retail, and other mixed-use development as applicable concepts. The site offers access near residential areas while remaining separate from noisy highways.
The property is annexed to Woodridge and carries a Downers Grove mailing address. Recent zoning changes established a mixed-use designation, with the Village of Woodridge identifying senior living facilities, townhomes, neighborhood-serving commercial uses, medical offices, retail, and other mixed-use development as applicable concepts. The site offers access near residential areas while remaining separate from noisy highways.
Key Highlights
- 3.75‑acre assemblage of three contiguous properties
- Approximately 466 feet of frontage
- Annexed to Woodridge with a Downers Grove mailing address
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
Explore this area
Business Placement
Demographics for 60516, IL
28,694
Population
11,912
Households
2.4
Avg Household Size
44
Median Age
54%
College-Educated
94%
High-School Grad
7.6 sq mi
ZIP Area
3,776
Density / Sq Mi
$118,780
Median Household Income
$59,704
Median Earnings
$1,636
Median Rent
$423,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Mixed-use zoning allows commercial, medical office, retail, senior living, and townhome development concepts.
Where is this commercial land located?
The property is located at 1240 83rd St Downers Grove, IL.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 3.75‑acre assemblage of three contiguous properties; Approximately 466 feet of frontage; Annexed to Woodridge with a Downers Grove mailing address
