3271 US 20 - Multi-Family/Assisted Living 4.5 Acres of Commercial Land Offered at $3,559,125 CAD in Elgin, IL 60124
EXECUTIVE SUMMARY
Approved for assisted living, the city prefers multi-family development for the site. Nearly 2 million in site improvements completed, including, storm water catch basin and retention pond, access to road and signage.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $3,559,125 CAD |
| Price Per AC | $790,916.68 CAD |
| Lot Size | 4.50 AC |
4.5 acres located on the Elgin Bypass 1.5 miles west of Randall Rd.
DESCRIPTION
• Zoning is approved for 64 townhome development • Approved for assisted living, the city prefers multi-family development for the site • Nearly 2 million in site improvements completed, including, storm water catch basin and retention pond, access to road and signage • Sanitation sewer and water are to site • Sidewalks, curbs, grading, removal of black dirt and landscaping complete • Preliminary plans for 64 town homes available • Seller completion available • Seller was contracted to build at this site, open to sale or Joint Venture • 60-90 days to pull permits • 16-18 months to complete construction
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $677,414 CAD | Total Assessment | $677,414 CAD |
ZONING
| Zoning Code | PAB |
