1794 West Lake Street
Multifamily | 169 Units
Marketing description
Cbre is pleased to present a premier infill 8-acre residential Development opportunity located at the northwest corner of Barrington road and lake street (route 20) in hanover park, Illinois. the property offers excellent visibility and access, Positioned near major regional connectors including i-390 (elgin-o’hare expressway) and just 0.2 miles (approximately 4– 5 minutes walking distance) from the hanover park metra Station, which provides a direct 45-minute ride to chicago Union station.
The property has conceptual approval for approximately 169 Attached homes. The site is currently zoned planned unit Development (pud) with underlying designations of vc-c (village center mixed-use core district) and b-2 (local Business district). The vc-c zoning supports high-density, Pedestrian-oriented development along major corridors and Near transit, allowing for a wide mix of residential and Commercial uses.
Investment highlights
- Recently approved MPD site plan with 11 granted variances to allow maximum development flexibility.
- Phase I&2 environmental, soil borings, and test pits results available.
- Approved Concept: 169 attached homes across multiple building types.
- Adjacent to the Church Street Station townhomes, contributing to a cohesive residential environment.
- Nearby Amenities: Starbucks, Hanover Square Shopping Center, restaurants, and retail
- Lake Street Multi-Use Path (currently in design) will provide continuous pedestrian and bicycle access to Metra and more.
- Current Zoning: (Village Center Mixed-Use Core District) and B-2 (Local Business District)
- Asking Price: Subject to Offer
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