LAND - REDEVELOPMENT - 3.39 Acres - Westchester Office Center Redevelopment Opportunity - Westchester, IL
Listing was updated at: 02/14/2019
Property Overview
Price/Rent PSF $ 2,500,000.00
Asset Type Land
Trade Type Sale
Acres Available 3.39
Date Available 02/14/2019
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Description

Location
Marcus & Millichap is pleased to present the opportunity to redevelop a 3.39-acre property located in Westchester, Illinois. Currently the property is comprised of three office buildings of various occupancy and condition. The highest and best use for the property will be for a new development of an alternate use. Due to the size of the parcel, traffic counts, frontage and the willingness of the city to redevelop the site, the opportunities are endless. The current owner has had discussions with the city regarding options for the site, paving the way for the new owner to move through the development process.

The property has excellent visibility from both Mannheim Road (Route 45) and Roosevelt Road (Route 38) and although it does not include the corner there is approximately 414 feet along Mannheim Road and approximately 131 feet of frontage on Roosevelt Road. The all-important average daily traffic counts according to IDOT show over 66,000 combined cars passing through the intersection.

Sale
Marcus & Millichap is pleased to present the opportunity to redevelop a 3.39-acre property located in Westchester, Illinois. Currently the property is comprised of three office buildings of various occupancy and condition. The highest and best use for the property will be for a new development of an alternate use. Due to the size of the parcel, traffic counts, frontage and the willingness of the city to redevelop the site, the opportunities are endless. The current owner has had discussions with the city regarding options for the site, paving the way for the new owner to move through the development process.

The property has excellent visibility from both Mannheim Road (Route 45) and Roosevelt Road (Route 38) and although it does not include the corner there is approximately 414 feet along Mannheim Road and approximately 131 feet of frontage on Roosevelt Road. The all-important average daily traffic counts according to IDOT show over 66,000 combined cars passing through the intersection.

Location