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    68 Irving Park Rd Streamwood, IL 60107

    Sponsored
    For Sale
    $1,400,000

    4.21 acres, prime development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4.21-acre commercial land parcel presents a unique investment opportunity in the thriving Streamwood, Illinois trade area. Located at 68 E Irving Park Rd, this property boasts 576 feet of frontage on Irving Park Road, a major thoroughfare with over 28,217 vehicles passing daily. The site's PUD zoning allows for a wide range of development possibilities, including restaurant, multi-tenant retail, auto dealership, industrial, office, medical, senior housing, or residential uses. The property's strategic location offers excellent visibility and accessibility, situated just 0.1 miles east of Bartlett Road. Its proximity to established businesses like Jewel-Osco, 7-Eleven, McDonald's, Walgreens, the US Post Office, Burger King, and Chase Bank provides immediate access to a substantial customer base. The land comprises four parcels totaling approximately 4.21 acres and backs up to existing industrial/warehouse space to the west. 2020 property taxes were $21,678. This is a rare chance to acquire a sizable, well-located parcel with significant development potential in a bustling commercial corridor. The asking price is $1,400,000, translating to $332,542 per acre.

    Property Features for 68 Irving Park Rd

    General Information

    Property type
    Land
    Lot Size
    183,388 SF

    HighLights

    • 576 feet of frontage on Irving Park Road, a major thoroughfare with over 28,217 vehicles per day.
    • Property abuts existing industrial/warehouse space to the west.
    • Excellent location near Jewel‑Osco, 7‑Eleven, McDonald's, Walgreens, US Post Office, Burger King, and Chase Bank.
    • 4.21‑acre site comprised of four parcels.
    • PUD zoning allows for diverse development options, including retail, restaurant, and residential uses.
    • 2020 property taxes: $21,678.
    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
    Streamwood
    County
    Cook
    State
    Illinois
    Longitude
    -88.1807186
    Latitude
    42.0137191

    Nearby Comparable

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    Nearby Similar for Sale

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      Streamwood Two-Story Commercial Building

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      Streamwood Retail Property For Sale

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      Retail Space on Busy Corner

      Retail property at a highly visible, busy intersection.
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      Streamwood Retail Corner Property

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    FAQs

    What type of property is this?
    Land - 4.21 acres, prime development opportunity.
    Where is this land located?
    The property is located at 68 Irving Park Rd Streamwood, IL.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: 576 feet of frontage on Irving Park Road, a major thoroughfare with over 28,217 vehicles per day.; Property abuts existing industrial/warehouse space to the west.; Excellent location near Jewel-Osco, 7-Eleven, McDonald's, Walgreens, US Post Office, Burger King, and Chase Bank.
    Request Owner's contact information
    68 Irving Park Rd Streamwood, IL 60107
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    Streamwood, IL 60107
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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
    68 Irving Park Rd Streamwood, IL 60107
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