625 Dundee Rd - Commercial LAND FOR SALE


Wheeling, IL 60090- Des Plaines/Arlington Hts Corridor139,392 SF
$1,800,000 USD
312-860-4043
625 Dundee Rd, Wheeling, IL for Sale
$1,800,000 USD
Commercial LAND - FOR SALE
1/13
139,392 SF


HIGHLIGHTS

  • Over 25,000 vehicles per day provide exceptional exposure for future retail or commercial development.
  • Immediate proximity to Wheeling Town Center featuring CMX Theatre, City Works, Starbucks, and additional dining and entertainment options.
  • Well-established retail trade area anchored by major brands such as Walmart, Target, Jewel Osco, Woodmans, and Bill Stasek Chevrolet.
  • Flexible parcel configuration available for mixed-use, retail, and service-oriented developments, subject to zoning.

OVERVIEW

The Proano Commercial Group is pleased to exclusively offer a prime property located at the SEC of Dundee & Wheeling Road, Wheeling, IL, for prospective Land/Retail investors. Zoned MXT and strategically positioned in the dynamic Chicago area, this site offers a transit-oriented location within a bustling Town Center growth corridor, making it an ideal location for high-density mixed-use development. With eligibility for a Planned Unit Development (PUD), the property provides flexibility for a visionary project. Its high visibility, strong traffic counts, and proximity to new multifamily and retail development enhance its appeal. Additionally, being located in the Wheeling TIF district offers potential financial incentives, further solidifying its investment potential. Location: Immerse yourself in the dynamic Chicago market surrounding the Institutional-Quality Development Site | 3.2 Acres Adjacent to Transit & New Multifamily. Discover the bustling retail and dining scene of the area, with notable attractions like Westfield Old Orchard and the renowned Chicago Botanic Garden just a short distance away. As the location is adjacent to significant public and private investments, prospective retail investors have a unique opportunity to capitalize on the area's growth. The property's strategic positioning within a flourishing growth corridor and its close proximity to major transportation routes make it an attractive prospect for retail investment. Embrace the potential of this vibrant location and envision the possibilities for your next venture, while also benefiting from potential financial incentives within the TIF district. Highlights: Zoned MXT Transit-oriented location Town Center growth corridor High-density mixed-use development Planned Unit Development (PUD) eligible High visibility with strong traffic counts Surrounded by new multifamily and retail development Environmental diligence complete Illinois EPA No Further Remediation (NFR) letter All environmental reports available from seller Located in a TIF district with potential financial incentives

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/ACRE

$562,500/AC

PRICE/SF

$13 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

3.2-Acre TIF-Backed Development I Wheeling

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Multi-Family, Apartment Units, Auto Dealership, Auto Repair, Car Wash, Convenience Store, Neighborhood Center, Public Library, Public Park, Restaurant, Storefront, Storefront Retail/Office, Storefront Retail/Residential

LAND ACRES

3.2 AC

LAND SF

139,392 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

MXT

APN/PARCEL ID

03-10-201-001-0000,03-10-201-002-0000,03-10-201-063-0000,03-10-201-069-0000,03-10-201-079-0000,03-10-201-080-0000

ASK ABOUT THIS PROPERTY

Paul ProanoPaul Proano Properties and BusinessesMore Info
312-860-4043

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Paul ProanoPaul Proano Properties and BusinessesMore Info
312-860-4043

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.