23 Acres Redevelopment
For Sale
Contact for pricing
5N210 Central Rd, Itasca, IL 60143
Prime 23-acre redevelopment site near Lake Street and Route 53.
Property SizeContact for details
Lot Size23.00 Acres
Days on Market828
Property Features for 5N210 Central Rd
General Information
Standard status
Active
Lot size
23.00 Acres
Property subtype
Land
Listing Agency:
Coldwell Banker Commercial Realty
Listed By:
Anthony Catanese · License #TX
Source:
Crexi
Added: May 15, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:33AM
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 Coldwell Banker Commercial Realty
Investment Insights
Based on property information with market context.
Located at Lake Street and Route 53 in Itasca, IL, this property presents a redevelopment opportunity. The site encompasses approximately 23 acres in a prime location with access to major highways, retailers, public transportation, and proximity to O'Hare Airport. The package includes 24 single-family homes. An additional 4.76 acres may also be acquired. The location at the intersection of Lake Street and Route 53 places the parcel in an established submarket. There is potential for a multi-story condo or mixed-use building development. The village of Addison favors an R4 planned development, allowing up to six stories and 21-33 units per acre. This property is located in a great school district.
Key Highlights
- Prime redevelopment opportunity on approximately 23 acres at the intersection of Lake Street and Route 53.
- Potential for multi‑story condo or mixed‑use development; village favors R4 planned development allowing up to six stories and 21‑33 units per acre.
- Includes 24 single‑family homes and option to acquire an additional 4.76 acres.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
Explore this area
Business Placement
Demographics for 60143, IL
11,214
Population
4,879
Households
2.3
Avg Household Size
42
Median Age
48%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
1,602
Density / Sq Mi
$112,247
Median Household Income
$61,706
Median Earnings
$1,775
Median Rent
$386,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Prime 23-acre redevelopment site near Lake Street and Route 53.
Where is this residential land & home lot located?
The property is located at 5N210 Central Rd Itasca, IL.
What is the asking price?
The asking price for this property is $17,485,000.
What are key features of this property?
This property features: Prime redevelopment opportunity on approximately 23 acres at the intersection of Lake Street and Route 53.; Potential for multi‑story condo or mixed‑use development; village favors R4 planned development allowing up to six stories and 21‑33 units per acre.; Includes 24 single‑family homes and option to acquire an additional 4.76 acres.
