Kenilworth Owner User / Re-Development Opportunity

519 Park Drive, Kenilworth, IL

$775,000

Price

5,775 sqft

Building Size

0.1435 acres

Lot Area

Gallery
Street
Map
Overview
Building Size
5,775 sqft
Lot Area
0.1435 acres
Year Built
1941
Floors
3
Description

SVN Chicago Commercial is pleased to present 519 Park Drive in Kenilworth, IL - an affluent north suburb of Chicago. This opportunity consists of an approx. 6,200 SF land site with an existing ±5,775 SF, 3-story mixed-use building and a rear parking area. Existing B zoning would allow for a mixed-use, or office development approx. 35ft high and approx. 22,000 SF. Potential uses are office, retail/restaurant, residential condos, or apartments with ground-floor commercial space and on-site parking. The existing building is suitable for an owner/user. The site can also be combined with an adjacent ±2,370 SF site, bringing the total potential buildable square footage to over 30,000 SF. Priced to sell at approx. $35/buildable SF. The property also sits in Kenilworth's Green Bay Road TIF district.

Kenilworth, IL is a bedroom community in Chicago's affluent north shore suburban area. Located approx. 15 miles from downtown Chicago, Kenilworth is one of the most affluent towns in America, with an average annual household income of over $400,000 and an average home price of over $1.1 Million. Green Bay Road is the major north-south commercial corridor in this affluent area, which includes the neighboring towns of Winnetka and Wilmette.

Highlights
  • Approx. 6,200 SF land site with existing 5,775 SF 3-story mixed-use building
  • Flexible B Business zoning allows for many possible uses including retail, office/medical, residential condos/apartments
  • Great visibility and location - across the street from the Kenilworth Metra train station
  • Easy street parking
  • Zoning would allow for an approx. 22,000 SF new building up to 35 ft high
  • Available assemblage with adjacent property would allow for over a 30,000 SF new building
  • Incredible demographics with over $430K average annual income and over $1 million average home value
  • Located in Kenilworth's TIF District
Documents
Location
Gallery