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    OFF-MARKET
    Commercial real estate

    206 George St, Itasca, IL 60143

    1.21 ac lot
    Property ID
    US28-2699625
    Property summary
    AI-generated overview

    This exceptional 1.21-acre residential lot in Itasca, Illinois, presents a unique development opportunity. Located at 206 East George Street, the property boasts 196 feet of frontage on George Street and a depth of 268 feet. Currently zoned for single-family residential use (SINGL), this land offers significant potential. The property is being sold "as is," although the seller is open to discussing the possibility of selling individual lots from a potential three-lot subdivision. Public improvements are needed to facilitate this subdivision. The location is ideal, offering a secluded feel while remaining conveniently close to downtown Itasca, the Metra, schools, restaurants, churches, and expressways. Adjacent to a forest preserve, this property provides a tranquil setting with easy access to urban amenities. The asking price for this remarkable parcel is $624,900. This is a perfect opportunity for builders and developers seeking a prime location in a desirable area. The property is situated in DuPage County, Illinois, with a zip code of 60143. Buyers are encouraged to conduct their own due diligence regarding potential subdivision and necessary public improvements.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 1.21 ac (52,708 SF)
    UPID US28-2699625
    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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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