000 Huntley West Dundee, IL 60118

  • $2,413,375
  • $15,000
  • Sold Date: 01-01-70

000 Huntley West Dundee, IL 60118
Contingent

000 Huntley West Dundee, IL 60118

000 Huntley West Dundee, IL 60118
  • $2,413,375
  • $15,000
  • Sold Date: 01-01-70

Description

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.

  • List Agent Full Name: Mark Coleman
  • Co List Agent Full Name: Christine Coleman
  • Address 000 Huntley
  • City West Dundee
  • State/county IL
  • Zip/Postal Code 60118
  • Country Kane

Details

Updated on January 3, 2024 at 2:19 pm
  • Property ID: MRD11036109
  • Price: $2,413,375
  • Property Type: Land
  • Property Status: Contingent
  • Parcel Number: 0321251014
  • MLS #: MRD11036109
  • Buyer Agent MLS Id: MRD237
  • Days On Market: 1010
  • Purchase Contract Date: 2023-10-23
  • Basement Bath(s): No
  • Living Area: 19.3
  • Cumulative Days On Market: 1010
  • Directions: From Rt. 31 and Huntley Road intersection, head west past Elm Avenue and once you clear the tree line on the south, you'll see the subject 19.307 acres along the south side of Huntley Road, across from Harbor Drive.
  • Elementary School: Dundee Highlands Elementary Scho
  • Township: Dundee
  • Contingency: Attorney/Inspection
  • CurrentUse: Development
  • FrontageLength: 1,026
  • FrontageType: City Street
  • Utilities: Electric to Site,Gas to Site,Sanitary Sewer,Sewer-Storm Available,Water to Site
  • Zoning: MULTI

Overview

Property ID: MRD11036109
  • Land
  • Property Type

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