+/- 38 AC development land in North Aurora, which is 37 miles west of downtown Chicago. Asking $5 million. Annexed to the Village of North Aurora as a mixed use planned unit development, zoned B-2/R-4. Zoning allows for 100% B2 use or 70% B2 and 30% R4. R4 zoning suitable for 11-18 units/acre apartments or 5-6 units/acre townhomes. Quick access to interstate system via I-88 All utilities are available: water, sewage, electricity, fiber, etc Located across multi-million dollar single-family homes in the strong residential neighborhood Strong retail corridor: area retailers include Super Target, JC Penney, Woodman’s, Home Depot, Best Buy, Michael’s, Petco, La-Z-Boy, Office Depot, Party City, MC Sports, Walgreen’s, CVS, Aldi Low Kane County property taxes ($1,175.82 for 2022) Business friendly community with tax incentives for the right developers Survey included in the OM, Annexation agreement available upon request or in DD section. The subject property presents a unique development opportunity for either commercial or residential developer. Total site is +/- 38 AC development land in North Aurora, which is 37 miles west of downtown Chicago. Village keen to find a suitable retail B2 development which fits their plan. Zoning also allows 100% commercial use. The surrounding suburbs are running out of developable land and many subdivisions, complexes and commercial dwellings are at full capacity with little to no inventory. The site enjoys business friendly community with low Kane County real estate taxes. The village will welcome big box retail developers offering variety tax incentives. B-2 zoning allows most commercial uses Per the annexation agreement, the entire property can be developed as commercial, or the property can be developed as a mix of residential and commercial. The surrounding suburbs are running out of developable land and many subdivisions, complexes and commercial dwellings are at full capacity with little to no inventory. Suburban style walk-up rental apartments and townhomes would be the highest and best use for the site which will maximize the value of the residential portion of the land. The site enjoys business friendly community with low Kane County real estate taxes. The village will welcome big box retail developers offering variety tax incentives. Call 630 394.8164 for more info.