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000 Huntley Road
West Dundee IL 60118 US

$2,250,000

Active Under Contract Listing ID 11036109
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Lot: 19.30 Acres
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Other

$2,250,000

Active Under Contract Listing ID 11036109
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000 Huntley Road Priced on a multi-family per unit basis, this strategically located development opportunity is near Springhill Mall and is an ideal infill site for new higher density residential development or possibly a senior or age-restricted facility. A large 20 +acre Dundee Park land is adjacent to the west serves as an amazing public amenity to the parcel. The zoning is in the process of being changed from B-2 commercial to multiple family in response to the proactive measures being considered by the village to stabilize and rejuvenate Springhill Mall. The existing commercial zoning was established long ago and while appropriate then, the changing economics of most regional malls calls for bold changes. Many regional malls are adding new multiple family housing projects where retail stores and office buildings once were the norm. To this end, the village is currently updating the comprehensive land plan, and the zoning of this parcel has been changed from commercial B-2 PUD to MF, multi-family. The existing TIF district supporting the mall is also being updated, and the tif boundary is being recast to include this property. The expanded TIF could help with infrastructure improvements such as storm water management, access roads, and utilities. Call the listing agents for more details and status.

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Property Features

  • Facts
  • Lot Size: 19.30 Acres
  • Property Type: Land
  • Property Sub-type: Other

School Information

  • School
  • Dundee Highlands Elementary Scho(Elementary)

Property

  • propertytype: Land
  • propertysubtype: Other
  • listprice: 2250000
  • unparsedaddress: 000 Huntley Road
  • postalcity: West Dundee
  • stateorprovince: IL
  • country: US
  • postalcode: 60118
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 19.3
  • lotsizeunits: Acres
  • lotsizearea: 19.3
  • livingareaunits: Square Feet
  • listagentfullname: Mark Coleman
  • listagentemail: mark@colemanland.com
  • listagentkey: 3yd-MREDIL-237
  • listagentmlsid: 237
  • listagentpreferredphone: 6303771600
  • listagentofficephone: 6303771600
  • listofficekey: 3yd-MREDIL-458
  • listofficemlsid: 458
  • disclaimer: Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • listingcontractdate: 2021-03-29
  • listagenturl: http://www.colemanland.com
  • countyorparish: Kane
  • parcelnumber: 0321251014
  • elementaryschool: Dundee Highlands Elementary Scho
  • elementaryschooldistrict: 300
  • middleorjuniorschooldistrict: 300
  • highschooldistrict: 300
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • architecturalstyle: Other
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
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Listing Changed: 3/26/2024 2:28:40 PM GMT
Source Updated Date: 4/29/2024 6:53:03 AM GMT

Courtesy of: Mark Coleman, Coleman Land Company, mark@colemanland.com

Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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