Des Plaines, IL 60016
$999,900

Mark Quesada
Broker / Owner
LIC #475144827
Shovel-ready following demolition of the existing structure. Plans, permits, and approvals are in place, allowing a new owner to move directly into the next phase of development. In the Heart of Downtown Des Plaines! An exceptional opportunity for a developer or builder to take over a fully entitled project in one of Chicago's most active suburban markets. The current owner has completed the extensive entitlement process, and the sale includes approved plans and permits, allowing the next owner to begin construction without the time, expense, and uncertainty typically associated with development approvals. Perfectly positioned in Des Plaines' thriving downtown district, this site offers an outstanding walkable location just steps from the Des Plaines Metra station, making commuting to downtown Chicago exceptionally convenient. Future residents will enjoy easy access to Metropolitan Square, the Des Plaines Public Library, neighborhood parks, grocery stores, coffee shops, boutique shopping, and an expanding collection of popular restaurants, and local businesses. With numerous new restaurants, retail establishments, and mixed-use developments continuing to open nearby, the area is experiencing tremendous growth and investment. Whether you're an experienced developer looking to accelerate your next project or a builder seeking a streamlined path from acquisition to construction, this is a unique opportunity to acquire a shovel-ready development in one of the Northwest suburbs' most desirable and rapidly evolving downtown locations. Opportunities like this are increasingly rare-capitalize on the months of planning and approvals already completed and bring this exciting project to life.
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$7,380/mo
Estimate only. Not a loan offer, pre-approval, or commitment to lend. Taxes, insurance, and HOA are estimates that may differ from actual figures. Contact a licensed lender for a personalized quote.
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Listed by Michael Stangel, @properties Christie's International Real Estate
MLS# MRD12714041 · Under Contract
$354,450
Median sale price
20 days
Avg days on market
100.1% of list
Sells for
Closed sales in 60016 over the last 6 months, all home types.
Actual closed sales from the MLS — not estimates.
History reflects records reported to the MLS and may be incomplete.
Interior
Construction
Lot & parking