400 Elm AveLa Grange, IL 60525

Property Details for 400 Elm Ave

Lot size

5.50 AC

Property type

Land

Description

This exceptional 5.5-acre commercial land parcel presents a unique development opportunity in La Grange, Illinois. Located at 400 E Elm Ave, the property boasts a prime location just blocks from downtown La Grange's vibrant amenities, including shops, restaurants, a public library, and the Metra. The site is strategically positioned southeast of downtown, on Bluff Avenue south of Cossitt Avenue, benefiting from high traffic counts: 19,500 vehicles daily on La Grange Road (Rt 12) and 3,000 on Cossitt Avenue. The property's diverse zoning – R-8R (Multiple Family Residential), R-5 (Single Family Residential), and I-1 (Light Industrial) – offers considerable flexibility for various development projects. A majority of the site allows for three-story residential construction, with the potential for five stories through a Planned Unit Development (PUD). The possibility of Elm Avenue vacation could further enhance development cohesiveness. The property is served by the highly-rated La Grange School District 102 and Lyons Township High School, consistently ranked among Illinois' top 30 public high schools. The site includes eight PIN numbers: 18-04-404-012, 18-04-404-013, 18-04-303-014, 18-04-404-015, 18-04-404-041, 18-04-404-042, 18-04-404-049, and 18-04-411-004. Annual property taxes are $65,907.18. This is a remarkable opportunity for developers seeking a versatile and well-located site in a thriving community. Subject to offer.

Location Insight

City

La Grange

County

Cook

State

Illinois

Latitude

41.8106

Longitude

-87.8627

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