Addison Land for Sale - North DuPage
1100 W Lake Street offers an impressive development opportunity with 4% financing available 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. 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 several advantages: four major expressways (Interstates 88, 355, 290, and 294), proximity to Chicago O'Hare International Airport, and numerous retailers in and around the Oak Brook Center Mall. Chicago O'Hare International Airport, as well as Interstates 290 and 355, make business travel and daily commuting a breeze.
Addison is situated approximately 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 numerous restaurants and parks offering hiking, biking, and other outdoor activities.
