Auction - 7 AC Chicago MSA Development Site | 150… — Sale in Elgin, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Elgin, IL 60120

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Description

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/3343/land/elgin/il Marcus & Millichap presents Bella Casa Development, a rare opportunity to acquire a ±7.11-acre development site along Summit Street in Elgin, Illinois (the “Property”). The Property consists of four parcels and is zoned PAB – Planned Area Business, a zoning designation intended to support planned commercial development serving neighborhood, community, and regional demand. Prior plans contemplated approximately 150 residential units, ±17,000 square feet of retail space, and 312 parking spaces, creating a compelling path for a buyer to revisit a mixed-use development strategy, subject to updated approvals and buyer due diligence. Positioned along Summit Street, one of Elgin’s key commercial corridors, the site benefits from strong frontage, full ingress/egress, available utilities, and proximity to established retail, restaurant, medical, service, and daily-needs users. The surrounding trade area provides meaningful residential density and income demographics, with approximately 181,580 residents and $111,408 average household income within 5 miles. Located approximately 35 miles northwest of Chicago with access to I-90 and the broader Fox Valley employment base, the Property is well suited for a developer seeking an infill mixed-use, multifamily, retail, or service-commercial redevelopment opportunity in the Chicago MSA. Investment Highlights: • STARTING BID $200,000 | 7.11 Acre Chicago MSA Development Site | 150 Residential Units & 17,000 SF Retail Previously Approved | AUCTION SEPTEMBER 22-24 • ±7.11-acre development site in Elgin, Illinois, approximately 35 miles northwest of Chicago. • Previously approved mixed-use development plan for approximately 150 residential units, ±17,000 SF of retail space, and 312 parking spaces. • Surrounded by established retail including Jewel-Osco, Aldi, Walgreens, O'Reilly Auto Parts, Dunkin', 7-Elev

Market Context

This mixed use in Elgin, IL is listed for sale. Compare it against other mixed use listings for sale in Elgin, IL — view the full market.

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