625 Dundee Rd - 3.2-Acre TIF-Backed Development I Wheeling 3.2 Acres of Commercial Land Offered at $2,460,780 CAD in Wheeling, IL 60090

Positioned at the highly visible signalized intersection of Dundee Road and Wheeling Road, this ±3.20-acre development site presents a rare opportunity to acquire a fully vetted, transit-oriented parcel in one of Wheeling’s most dynamic and rapidly evolving corridors. Strategically located within close proximity to the Wheeling Metra station and the Village’s Town Center district, the property is ideally suited for high-density mixed-use, multifamily, retail, or commercial development. The site benefits from exceptional exposure, with strong frontage along both Dundee Road (approximately 395 feet) and Wheeling Road (approximately 400+ feet combined), offering outstanding visibility and access from two major thoroughfares. Traffic counts and surrounding commercial activity further enhance the site’s prominence, making it an ideal location for developers seeking to capitalize on both vehicular and pedestrian traffic. The parcel’s irregular shape allows for creative site planning, while maintaining efficient depth ranges of approximately 150 to 210 feet, providing flexibility in design and layout. Zoned MXT (Mixed-Use Transit-Oriented District), the property represents one of the highest-density zoning classifications within the Village of Wheeling. This designation is specifically intended to support a vibrant mix of residential, retail, and service-oriented uses in a walkable, transit-focused environment. The Village’s Comprehensive Plan and Station Area Plan envision this corridor as a key node for future growth, encouraging vertical density, active ground-floor uses, and integrated community development. Developers have the opportunity to pursue a Planned Unit Development (PUD), allowing for flexibility in site design, density, and overall project execution to maximize value. Surrounded by ongoing and recent development activity, the site is positioned within a thriving commercial and residential ecosystem. Nearby multifamily developments, retail centers, and municipal investments continue to drive demand and enhance long-term value. The property’s inclusion within the Wheeling Tax Increment Financing (TIF) district further strengthens its appeal, offering potential financial incentives that can significantly improve project feasibility and return on investment. From a due diligence standpoint, this offering stands apart. Comprehensive environmental studies have already been completed, including Phase I and Phase II Environmental Site Assessments. Findings indicate no significant environmental concerns impacting redevelopment, and the property has received an Illinois EPA No Further Remediation (NFR) letter, effectively reducing environmental risk and streamlining the path to development. This level of pre-development work saves both time and capital, allowing developers to move forward with confidence. The site is currently vacant and largely unimproved, with minimal existing structures and no significant impediments to redevelopment. Utilities are available to the site, and its location along established roadways ensures strong infrastructure support. The combination of size, zoning, location, and completed due diligence makes this a turnkey opportunity for developers seeking a high-impact project in a proven growth market. Accessibility is another key advantage. The property offers immediate access to major regional roadways, connecting to surrounding suburbs and the greater Chicago metropolitan area. Its proximity to public transit enhances its appeal for both residential and mixed-use applications, aligning with modern development trends that prioritize walkability and connectivity. In summary, this ±3.20-acre site represents a compelling investment opportunity with all the key fundamentals in place: prime corner location, strong frontage and visibility, favorable zoning, inclusion in a TIF district, completed environmental work, and alignment with the Village’s long-term development vision. Whether pursued as a mixed-use development, multifamily project, or retail-driven concept, the property offers the scale, flexibility, and positioning necessary to deliver a successful and impactful development. Opportunities of this caliber—combining location, entitlement flexibility, and reduced development risk—are increasingly rare in today’s market. This site stands ready for a developer with vision to capitalize on Wheeling’s continued growth and transform this highly visible corner into a signature project within the community.