Thank you
Mark Coleman
Coleman Land Company
630-377-1600
Priced on a multi-family per unit basis, this strategically located development opportunity is near Springhill Mall and is an ideal infill site for new higher density residential development or possibly a senior or age-restricted facility. A large 20 +acre Dundee Park land is adjacent to the west serves as an amazing public amenity to the parcel. The zoning is in the process of being changed from B-2 commercial to multiple family in response to the proactive measures being considered by the village to stabilize and rejuvenate Springhill Mall. The existing commercial zoning was established long ago and while appropriate then, the changing economics of most regional malls calls for bold changes. Many regional malls are adding new multiple family housing projects where retail stores and office buildings once were the norm. To this end, the village is currently updating the comprehensive land plan, and the zoning of this parcel has been changed from commercial B-2 PUD to MF, multi-family. The existing TIF district supporting the mall is also being updated, and the tif boundary is being recast to include this property. The expanded TIF could help with infrastructure improvements such as storm water management, access roads, and utilities. Call the listing agents for more details and status.
Lot Dimensions: 1,026.85 X 1,105.88 X 587.24 X 244.95 X 577 X 192.09 X 368.95 TO POB
Lot Acres: 19.3
Lot Size: 10.0-24.99 Acres
Property Type: Land
Sub Type: Land
Original List Price: $2413375
Annual Tax: $747
Tax Year: 2021
Parcel Number: 0321251014
Tax Exemption: Other
Elementary School: Dundee Highlands Elementary Scho
Electric to Site, Gas to Site, Sanitary Sewer, Sewer-Storm Available, Water to Site
City: West Dundee
Direction: From Rt. 31 and Huntley Road intersection, head west past Elm Avenue and once you clear the tree line on the south, you'll see the subject 19.307 acres along the south side of Huntley Road, across from Harbor Drive.
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
LOT 24 Walnut Drive, West Dundee, IL,60118 | $87,500 | -- | -- | -- | 0.23 Acre |
LOT 26 Walnut Drive, West Dundee, IL,60118 | $87,500 | -- | -- | -- | 0.24 Acre |
LOT 108 Walnut Drive, West Dundee, IL,60118 | $87,500 | -- | -- | -- | 0.48 Acre |
LOT 128 Walnut Drive, West Dundee, IL,60118 | $87,500 | -- | -- | -- | 0.28 Acre |
LOT 129 Walnut Drive, West Dundee, IL,60118 | $87,500 | -- | -- | -- | 0.23 Acre |
LOT 131 Walnut Drive, West Dundee, IL,60118 | $87,500 | -- | -- | -- | 0.27 Acre |
LOT 132 Walnut Drive, West Dundee, IL,60118 | $87,500 | -- | -- | -- | 0.22 Acre |
LOT 133 Walnut Drive, West Dundee, IL,60118 | $87,500 | -- | -- | -- | 0.21 Acre |
LOT 120 Oak Drive, West Dundee, IL,60118 | $87,500 | -- | -- | -- | 0.22 Acre |
LOT 83 Spruce Drive, West Dundee, IL,60118 | $87,500 | -- | -- | -- | 0.24 Acre |
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Based on information submitted to the MLS GRID as of 05/03/2024 @ 06:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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ByOwner last updated this listing 05/03/2024 @ 06:20
MLS: MRED #11036109
LISTED BY: Mark Coleman, Coleman Land Company
SOURCE: Midwest Real Estate Data LLC (MRED)
Buyer Agency Compensation: 2.5% - $500
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.