Listed by Madison Commercial Real Estate LLC
$2,400,000
550 E. 22nd Street - Lombard, IL
Details
Property Type Land
Sub Type Residential
Acreage 2.140
Land | 2.14 acres
Marketing description
Outstanding redevelopment opportunity! Originally engineered and approved for 26 townhomes, the site was replanned for a 98 room Tru Hilton hotel pre-Covid but never got built. Existing engineering can be updated and re-approved for the original townhouse plan. Lombard has low impact fees and is developer friendly. Nearby Yorktown Mall is being partially redeveloped with new housing, retail, and entertainment options. The site could be developed for either “for sale” or “for rent” product. Great window and demographics. Easy access to multiple employment centers via I355 and I88. Approximatley 2.14 Acres with Great Access To Shopping, Restaurants, York Town Mall, And Expressways.
Investment highlights
- Seller has engineering, soils, stormwater report, etc. Project could be an easy 2024 start!
Listing Contacts
Listed by Madison Commercial Real Estate LLC
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