1100 W Lake St 6.1 Acres of Commercial Land Offered at $4,949,172 CAD in Addison, IL 60101

1100 W Lake Street offers an impressive development opportunity in a thriving suburban Chicago location. This 6.10-acre site is zoned R-3B PUD, suitable for low-density multifamily, senior living, or assisted living development. 4% Financing Available. The property provides 750 feet of excellent frontage along Lake Street with exposure to over 35,700 vehicles daily.

Investors will benefit from 1100 W Lake Street's strategic location, substantial submarket climate, and growing community. The Northeast DuPage County multifamily market has a lot of things going for it: four major expressways (Interstates 88, 355, 290, and 294), proximity to Chicago O'Hare International Airport, and the numerous retailers in and around Oak Brook Center Mall. Chicago O'Hare International Airport, as well as Interstates 290 and 355, makes commuting easy.

Addison sits about 20 miles west of Chicago's Loop, surrounded by forest preserves, lakes, creeks, and reservoirs. This ideal location between the modern luxuries of a metropolitan city and the beauty of nature sets Addison apart. Addison is also home to a distinctly close-knit community with no shortage of things to do in town, from performing and visual arts events to many restaurants and parks offering hiking, biking, and more opportunities.