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    Land

    24W523 Lake St, Roselle, IL 60172

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    Property summary
    AI-generated overview

    This exceptional 2.72-acre commercial and industrial land parcel, located at 24W523 Lake St, Roselle, IL 60172, presents a unique redevelopment opportunity. Boasting 117,612 square feet and 282 feet of frontage on Lake Street in DuPage County, this property is currently zoned R-1. However, its location offers significant potential for rezoning to B-2, opening the door to a wide array of commercial uses, including retail businesses and contractor yards. The flexibility of zoning in unincorporated DuPage County further enhances the property's appeal. This prime location provides excellent visibility and accessibility, making it an ideal site for a variety of commercial ventures. The asking price for this substantial land parcel is $900,000. This presents a compelling investment opportunity for developers seeking a strategic location with high redevelopment potential in a thriving area. The property's size and frontage make it suitable for a range of projects, capitalizing on the advantages of its prominent Lake Street location and the potential for a more flexible zoning designation. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Land
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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