Prime 3.2-Acre TIF-Backed Development Opportunity | Wheeling, IL
$1,800,000
SEC of Dundee Rd & Wheeling Road, Wheeling, IL 60090
3.2 acres
Lot Area
Details:
Highlights:
- Zoned MXT
- Transit-oriented location
- Town Center growth corridor
- High-density mixed-use development
- Planned Unit Development (PUD) eligible
- High visibility with strong traffic counts
- Surrounded by new multifamily and retail development
- Environmental diligence complete
- Illinois EPA No Further Remediation (NFR) letter
- All environmental reports available from seller
- Located in a TIF district with potential financial incentives
Description:
The Proano Commercial Group is pleased to exclusively offer a prime property located at the SEC of Dundee & Wheeling Road, Wheeling, IL, for prospective Land/Retail investors. Zoned MXT and strategically positioned in the dynamic Chicago area, this site offers a transit-oriented location within a bustling Town Center growth corridor, making it an ideal location for high-density mixed-use development. With eligibility for a Planned Unit Development (PUD), the property provides flexibility for a visionary project. Its high visibility, strong traffic counts, and proximity to new multifamily and retail development enhance its appeal. Additionally, being located in the Wheeling TIF district offers potential financial incentives, further solidifying its investment potential.
Immerse yourself in the dynamic Chicago market surrounding the Institutional-Quality Development Site | 3.2 Acres Adjacent to Transit & New Multifamily. Discover the bustling retail and dining scene of the area, with notable attractions like Westfield Old Orchard and the renowned Chicago Botanic Garden just a short distance away. As the location is adjacent to significant public and private investments, prospective retail investors have a unique opportunity to capitalize on the area's growth. The property's strategic positioning within a flourishing growth corridor and its close proximity to major transportation routes make it an attractive prospect for retail investment. Embrace the potential of this vibrant location and envision the possibilities for your next venture, while also benefiting from potential financial incentives within the TIF district.
Location
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