424 Forest AveGlen Ellyn, IL 60137

For Sale
$2,000,000

Prime Glen Ellyn development site, 12,000 SF.

Overview

Added:
Dec 11, 2024
Days on market:
94
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.

Highlights

  • $2,000,000 asking price for 12,000 SF commercial land parcel.
  • Located at 424 Forest Ave, Glen Ellyn, IL 60137 (APN: 0511328025).
  • Excellent redevelopment opportunity in downtown Glen Ellyn, near amenities and the train station.
  • Potential for 30+ residential units, with a maximum building height of 45 feet and approximately 30,000-36,000 SF of buildable area.
  • One of the last infill sites in Glen Ellyn, adjacent to a new municipal parking lot.

Location Insight

City
Glen Ellyn
County
DuPage
State
Illinois
Latitude
41.875483587054
Longitude
-88.065273855565
424 Forest Ave, Glen Ellyn, Illinois

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424 Forest Ave
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