Nec Il-64 & President St Glendale Heights, IL 60139
- Land
- 2.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Nec Il-64 & President St
- Lot size
- 2.00 lot acres
- Property type
- Land
Description
This exceptional two-acre commercial land parcel, located at the northeast corner of IL-64 and President Street in Glendale Heights, Illinois (zip code 60139), presents a unique investment opportunity. The property, identified by APN 02-23-402-012, is zoned R5-PUD, Multifamily Residential District, offering diverse development potential. Envisioned uses could include multi-family residential buildings, a hotel, or a restaurant. Its strategic location boasts significant advantages. The site is directly west of the I-355 full interchange, ensuring excellent accessibility and high visibility. The property benefits from a signalized intersection and significant frontage along Route 64 (North Avenue), a high-traffic artery with approximately 52,800 vehicles passing daily. Further enhancing its appeal, the proximity to I-355 provides access to an additional 119,400 vehicles per day. This translates to maximum exposure and potential for high returns. Annual property taxes are $20,449. The asking price for this remarkable opportunity is $1,500,000. This property offers unparalleled potential for significant development and substantial return on investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Glendale Heights
- County
- DuPage
- State
- Illinois
- Longitude
- -88.094
- Latitude
- 41.9026
