Property summary
The property is a developed 4-acre commercial site in Addison, Illinois, zoned B-2 (Community Business District). All utilities are available on-site. It is positioned for visibility from Lake Street and provides access to the area via I-290 using Highway IL 83. The surrounding area includes a hotel, gas station, medical offices, and a restaurant. The site is suitable for retail and restaurant use, and it has potential for development of up to two commercial buildings with up to approximately 10,000 square feet each.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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