625 Van Buren St Villa Park, IL 60181
- Commercial real estate
- 3.01 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 625 Van Buren St
- Lot size
- 3.01 lot acres
- Property type
- Commercial real estate
Description
This exceptional 3.01-acre residential development site in desirable Villa Park, Illinois, presents a compelling investment opportunity. Located on a tranquil cul-de-sac at 625 E Van Buren St, 60181, this property boasts significant potential for subdivision. The existing 2,350-square-foot house is included in the sale. Under the current R-1 zoning, the land can be subdivided into lots with a minimum size of 10,000 square feet, offering numerous development possibilities. The property enjoys a prime location, situated across the street from the Sugar Creek Golf Course and near Roosevelt Road and Kingery Highway (Route 83), providing convenient access to major transportation routes. Villa Park, a thriving community of nearly 22,000 residents, is just 16 miles west of downtown Chicago, offering proximity to major employment centers in Oak Brook and the Rosemont/O'Hare area. An adjacent 21-acre parcel is also available for purchase, presenting an opportunity for a larger-scale development project. With an average home sale price of $350,000 in the area, this site offers substantial upside potential. The asking price for this remarkable property is $3,900,000. Don't miss this chance to acquire a prime piece of land in a highly sought-after location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Villa Park
- County
- Dupage
- State
- Illinois
- Longitude
- -87.9635156
- Latitude
- 41.8696477