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1794 W Lake St
Hanover Park, IL 60133
Land For Sale
·
8.00 AC
INVESTMENT HIGHLIGHTS
- Recently approved MPD site plan with 11 granted variances to allow maximum development flexibility.
- Approved Concept: 169 attached homes across multiple building types.
- Nearby Amenities: Starbucks, Hanover Square Shopping Center, restaurants, and retail.
- Phase I & II environmental, soil borings, and test pits results available.
- Adjacent to the Church Street Station townhomes, contributing to a cohesive residential environment.
- Lake Street Multi-Use Path (currently in design) will provide continuous pedestrian and bicycle access to Metra and more.
EXECUTIVE SUMMARY
The property has conceptual approval for approximately 169 attached homes. The site is currently zoned Planned Unit Development (PUD) with underlying designations of VC-C (Village Center Mixed-Use Core District) and B-2 (Local Business District). The VC-C zoning supports high-density, pedestrian-oriented development along major corridors and near transit, allowing for a wide mix of residential and commercial uses.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | |
| Property Type | Land | Total Lot Size | 8.00 AC |
| Zoning | R-4, B-2 - Community Shopping District | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 8.00 AC |
| Zoning | R-4, B-2 - Community Shopping District |
1 LOT AVAILABLE
Lot
| Lot Size | 8.00 AC |
| Lot Size | 8.00 AC |
DESCRIPTION
This prime Hanover Park residential development opportunity is located at the northwest corner of Barrington Road and Lake Street (Route 20), directly across from the Hanover Park Metra Station, offering a 45-minute ride to Chicago Union Station. The 8-acre site is zoned VC-C (Village Center Mixed-Use Core District) and B-2 (Local Business District) and features an approved concept plan for 169 attached homes across multiple building types. The property benefits from strong village support, an MPD site plan approved with 11 variances for flexibility, and existing detention basin. Phase I & II environmental reports and soil borings are available, and the Lake Street Multi-Use Path is in design for pedestrian and bike access. With traffic counts of 37,800 VPD on Lake Street and 26,995 VPD on Barrington Road, plus proximity to Starbucks, Hanover Square Shopping Center, restaurants, and retail, this location offers exceptional connectivity and convenience. Nearby schools are highly rated, including Ontarioville Elementary (8), Eastview Middle (7), and Bartlett High (7)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $184,381 CAD | Total Assessment | $184,381 CAD |
PROPERTY TAXES
