Mixed-Use Commercial
For Sale
$799,900
1240 83rd Street, Downers Grove, IL 60516
Woodridge zoning allows mixed-use development, including commercial, residential, medical office, and retail projects.
Property SizeContact for details
Days on Market65
Property Features for 1240 83rd Street
General Information
Standard status
Active
Property subtype
LAND
Taxes and HOA fees
Annual Taxes
$11,111
Listing Agency:
Realty Executives Midwest
(630) 202-5260
Listed By:
Kathleen Meyer · License #475142169
(630) 969-8880
Source:
Premier-relocation
Added: Aug 29
Changed: Oct 31
Last Checked: Oct 31 at 2:15PM
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 Realty Executives Midwest
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Investment Insights
Based on property information with market context.
This commercial land is part of a three-property assemblage comprising 1240, 1340, and 1406 83rd Street. Together, the parcels total 3.75 acres and provide 466 feet of frontage. The Village of Woodridge has zoned the properties for mixed use, with no zoning change required for that designation.
The property is annexed to Woodridge and carries a Downers Grove mailing address. Residential areas are nearby, and the site is described as having access without adjacency to noisy highways. The village’s established development criteria identify senior living, townhomes, neighborhood-serving commercial uses, medical offices, retail, and other mixed-use projects as potential categories.
The property is annexed to Woodridge and carries a Downers Grove mailing address. Residential areas are nearby, and the site is described as having access without adjacency to noisy highways. The village’s established development criteria identify senior living, townhomes, neighborhood-serving commercial uses, medical offices, retail, and other mixed-use projects as potential categories.
Key Highlights
- Three‑property assemblage at 1240, 1340, and 1406 83rd Street
- 3.75 acres total across the assemblage
- 466 feet of frontage
Property Analytics
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
Frequently Asked Questions
What type of property is this?
Commercial land - Woodridge zoning allows mixed-use development, including commercial, residential, medical office, and retail projects.
Where is this commercial land located?
The property is located at 1240 83rd Street 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: Three‑property assemblage at 1240, 1340, and 1406 83rd Street; 3.75 acres total across the assemblage; 466 feet of frontage
