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    5N210 Central Rd Itasca, IL 60143

    Sponsored
    For Sale
    $16,999,999

    25 Acres, Prime Location, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 25-acre land parcel in Itasca, IL (60143), situated at the intersection of Lake Street and Route 53, presents a remarkable redevelopment opportunity. Currently featuring 24 single-family homes, the property offers significant potential for a variety of uses, including a multi-story condo or mixed-use development. The location boasts convenient access to major highways, numerous retailers, and public transportation, with the added benefit of proximity to O'Hare International Airport. The village of Addison's R4 planned development zoning allows for up to six stories and 21-33 units per acre, subject to necessary approvals. This prime location is within an established submarket and benefits from being in a highly-rated school district. An additional 4.76 acres is optionally available for acquisition, expanding the overall development potential. This is an exceptional investment opportunity for developers seeking a high-impact project in a desirable location. The asking price is $16,999,999. The property is zoned for commercial use, subject to all necessary zoning approvals and permits.

    Property Features for 5N210 Central Rd

    General Information

    Property type
    Land
    Lot Size
    1,089,000 SF

    HighLights

    • 25‑acre development site in Itasca, IL (60143), at Lake Street & Route 53.
    • Currently improved with 24 single‑family homes, offering redevelopment potential for multi‑story condo or mixed‑use.
    • Excellent location with highway access, retail amenities, and public transportation, near O'Hare International Airport.
    • R4 zoning allows up to six stories and 21‑33 units per acre (subject to approvals).
    • Located in a highly‑rated school district and established submarket. Optional 4.76‑acre expansion available.
    • $16,999,999 asking price; commercial zoning (subject to approvals).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Itasca
    County
    DuPage
    State
    Illinois
    Longitude
    -88.0296676
    Latitude
    41.952536

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    FAQs

    What type of property is this?
    Land - 25 Acres, Prime Location, High Potential
    Where is this land located?
    The property is located at 5N210 Central Rd Itasca, IL.
    What is the asking price?
    The asking price for this property is $16,999,999.
    What are key features of this property?
    This property features: 25-acre development site in Itasca, IL (60143), at Lake Street & Route 53.; Currently improved with 24 single-family homes, offering redevelopment potential for multi-story condo or mixed-use.; Excellent location with highway access, retail amenities, and public transportation, near O'Hare International Airport.
    Request Owner's contact information
    5N210 Central Rd Itasca, IL 60143
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    Itasca, IL 60143
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5N210 Central Rd Itasca, IL 60143
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