Under Contract

000 Huntley Road

West Dundee IL, 60118

$2,250,000


$2.68 per sqft

Under Contract

19.3 Acres

Land

Courtesy of Coleman Land Company

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.

11036109

MLS ID

March 29, 2021

Listed

March 28, 2024

Updated

Map

000 Huntley Road
West Dundee IL, 60118

Exterior/Building Features

Lot Size

19.3 Acres

School Information

School District

300


Elementary School

Dundee Highlands Elementary Scho

Other Property Details

Area Name

Dundee / East Dundee / Sleepy Hollow / West Dundee


Taxes

$747


Tax Frequency

Annually


Days on Market

1010


Garage

No


Parking Total

0


View

No


County

Kane


Pool

No


Zoning

MULTI


Buyer Agency Compensation

2.5% - $500

Courtesy of Coleman Land Company, Mark Coleman,
Listing Contact: 630-251-7467 

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Kim Keefe's Team Open Doors are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 3/28/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data last updated 4:18 AM UTC, 3/28/2024

 

 

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