Listing Agency: Mark Butler Properties - MBKB LLC

Listed By: Mark Butler · License #471020278 Show Phone

Source: Compass

Added: Nov 21, 2025 Changed: Sep 5 Last Checked: Sep 5 at 2:31PM

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Investment Insights

Based on property information with market context.

This commercial land parcel is identified for office research and light industrial use, with additional concepts including senior housing, a day care center, townhome development, and light retail. The property carries a Downers Grove mailing address at 1340 83rd Street, Downers Grove, Illinois 60516.

Key Highlights

• 1340 83rd Street, Downers Grove, IL 60516
• Identified for office research and light industrial use
• Additional concepts include senior housing and a day care center

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Auto Repair Shop Auto Parts Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

399

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

Questions? Ask Rey

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What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Commercial land - The parcel supports office, light industrial, and several alternative development concepts.

Where is this commercial land located?

The property is located at 1340 83rd Street Downers Grove, IL.

What is the asking price?

The asking price for this property is $549,900.

What are key features of this property?

This property features: 1340 83rd Street, Downers Grove, IL 60516; Identified for office research and light industrial use; Additional concepts include senior housing and a day care center