211 Main St Carpentersville, IL 60110
- Commercial real estate
- 100,000 SF
- 3.20 lot acres
Current Use by Public Records
- Advanced Dental Ceramics / Dental Laboratory
- Baudin & Baudin Law Offices / Attorney
Property Details for 211 Main St
- Year built
- 2025
- Lot size
- 3.20 lot acres
- Property size
- 100,000 SF
- Property type
- Commercial real estate
Description
This exceptional 3.2-acre development site in Carpentersville, Illinois, presents a unique opportunity for institutional investors. Located at 211 W Main St, 60110, this shovel-ready project boasts approved plans and permits for a 130-unit Class-A apartment building, minimizing upfront costs and expediting construction. The single four-story building will encompass 100,000 square feet and include 240 parking spaces. The property benefits significantly from pre-approved Tax Increment Financing (TIF) funds totaling approximately $11,000,000, substantially reducing financial burdens. Current owners have already invested over $2,000,000 in zoning, engineering, and comprehensive plans, further streamlining the development process. This is a truly exceptional opportunity to capitalize on a fully permitted, ready-to-build multifamily project in a prime Kane County location. All necessary approvals are in place, allowing for immediate commencement of construction. The substantial TIF funding and minimized soft costs make this a highly attractive investment proposition with significant potential for return. This is a rare chance to acquire a fully prepared development site, eliminating lengthy permitting and planning phases.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Carpentersville
- County
- Kane
- State
- Illinois
- Longitude
- -88.2947399
- Latitude
- 42.1077686
