550 22Nd StLombard, IL 60148

This exceptional 2.14-acre land parcel at 550 E. 22nd Street in Lombard, Illinois, presents a remarkable redevelopment opportunity. Priced at $2,400,000, the property boasts a rich history, originally engineered and approved for 26 townhomes. Pre-pandemic plans for a 98-room Tru Hilton hotel exist, offering an alternative development path. Existing engineering is readily adaptable for either the original townhouse plan or a new vision. Lombard's developer-friendly environment and low impact fees make this a highly attractive investment. The site benefits from its proximity to the partially redeveloped Yorktown Mall, featuring new housing, retail, and entertainment options, ensuring strong market demand for both for-sale and for-rent residential units. Excellent demographics and convenient access to major employment centers via I-355 and I-88 further enhance its appeal. The seller provides comprehensive due diligence materials including engineering, soils, and stormwater reports, facilitating a swift project commencement, potentially as early as 2024. This prime location offers unparalleled access to shopping, restaurants, Yorktown Mall, and expressways, making it an ideal site for a thriving residential development. The property is zoned for residential use. The address is 550 E 22nd St, Lombard, IL 60148, within DuPage County.