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    OFF-MARKET
    Commercial real estate

    424 Forest Ave, Glen Ellyn, IL 60137

    Property ID
    US28-1267004
    Property summary
    AI-generated overview

    This exceptional commercial land offering presents a unique redevelopment opportunity in the heart of Glen Ellyn, Illinois. Located at 424 Forest Ave, this 12,000 square foot site (comprising the northern portion of an existing church property) is zoned to allow for a building height of up to 45 feet. The property's prime location offers unparalleled access to a wealth of amenities, including upscale restaurants, parks, and the Glen Ellyn train station, all within walking distance. Its adjacency to the new Glen Ellyn Municipal parking lot further enhances its appeal. This infill site presents a rare chance to develop a significant project, with potential for approximately 30,000 to 36,000 square feet of construction. Preliminary estimations suggest the potential for 30+ residential units, making this an ideal investment for developers seeking a high-impact project in a thriving downtown location. The property's APN is 0511328025. The asking price is $2,000,000. Don't miss this chance to acquire one of the last remaining infill sites in Glen Ellyn.

    Property profile
    Verified
    Property type Commercial real estate
    APN 0511328025
    UPID US28-1267004
    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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