10230 Panoramic Dr

For the first time in over 65 years, we are pleased to present this rare development opportunity: a chance to acquire one of the largest vacant industrial parcels in Cook County adjacent to Interstate 294 located in Schiller Park, Illinois. The site is less than a mile from O'Hare International Airport and is accessible from major roadways nearby, including Interstate 294, Irving Park Road, and Mannheim Road.

This offering is perfect for long-term investors due to its’ low carrying costs, and with 19.87 acres of the Property already zoned Industrial, this site is prime for development opportunities without the need for lengthy and potentially complicated rezoning efforts, saving developers significant time and money. While portions of the Property were a landfill decades ago, this site accepted primarily Construction & Demolition debris (C&D), and the Property has been vacant and undeveloped since the landfill ceased operations nearly 50 years ago. Since then and more recently, multiple third-party environmental and engineering consultants have verified the site’s readiness for development.

If a developer wants to utilize the entire 24.353 acres for industrial use, a Planned Unit Development or Development Agreement would need to be pursued to include the smaller portions of the Property that are currently zoned for residential use.

However, the key advantage of this listing is the ability to develop the industrially zoned 19.87 acres immediately and skip the zoning/entitlement process. A portion of the industrial-zoned acreage includes 5.70 +/- acres of virgin ground, which both architectural and engineering consultants have recommended locating a future building on and then designing the parking over the former fill where needed. Past structural and geo-technical engineering designs have also indicated that cantilevering out over the former landfill from the virgin ground is a possibility, as is the use of caissons for designs that look to build the largest building possible on the site. The Owner has multiple design layouts prepared utilizing the entire 24.35-acre parcel describing how the Property could be developed, which are available upon request.

With over 1,500 lineal feet of frontage along I-294, the Property could also potentially allow for 3 billboard pads (6 faces in total) to be sited per IDOT’s minimum distance requirements of 500’ between pads. A survey is available showing these billboard pad locations, with the State of Illinois' setbacks and spacing requirements in place for billboard faces that are 20' x 60' or 30’ x 40’ in size. The three conceptual pads are all proposed on undisturbed virgin land. Please read the marketing brochure for further details.

Finally, another highlight of this listing is the institutional knowledge of the Owner that has controlled and operated the site since it was sited and approved for the prior waste operations. This knowledge can assist potential developers not only with due diligence, but in the final development process as well. Please read the Confidential Offering Memorandum (COM) in the marketing brochure, where many questions are answered, including the Price, Commissions, and the Terms. Don’t miss out on this rare and exceptional opportunity.