5N210 Central Rd, Itasca, IL 60143

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.