1345 E Prairie Avenue,Des Plaines, IL 60016
Des Plaines, IL 60016
Description
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.
Details
| MLS # | 12714041 |
|---|---|
| Listing Type | For Sale |
| Style | Instut/to Develop |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 2026 |
| Days On Site | 44 |
| Listing Provided By | @properties Christie's International Real Estate | Michael Stangel |
Features
| Story(s) | 4 |
|---|---|
| Zoning | MULTI |
| Acreage | 0.27 |
Interior
| Cooling | Central Air |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 14831 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Des Plaines |
| Zip Code | 60016 |
| Area | Des Plaines |
| Listing VS Median (in 60016) | |
Price: $999,900 low | high Med: $334,900 On site: 44 low | high Med: 57 | |
Market Activity 60016
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Des Plaines |
| Zip Code | 60016 |
| Area | Des Plaines |
| Listing VS Median (in 60016) | |
Price: $999,900 low | high Med: $334,900 On site: 44 low | high Med: 57 | |
