Multi-Family/Assisted Living Site

3271 US Highway 20, Elgin, IL 60124

  • For Sale $2,500,000
  • Property Type VacantLand
  • Lot Size 4.5 Acre
  • Date Updated Apr 5, 2024
Located on the Elgin bypass 1.5 miles west of Randall. Approximately 10 minutes south of I-90. Elgin is the seventh-largest city in Illinois located just 35 miles northwest of Chicago. It is a vibrant, diverse and growing city rich in history located along the Fox River.Development site on the Elgin Bypass.

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Attachments

Highlights

  • Zoning is approved for 64 townhome development
  • Approved for assisted living, the city prefers multi-family development for the site
  • Nearly 2 million in site improvements completed, including, storm water catch basin and retention pond, access to road and signage
  • Sanitation sewer and water are to site
  • Sidewalks, curbs, grading, removal of black dirt and landscaping complete
  • Preliminary plans for 56 town homes available or 100 apartment units
  • Seller completion available
  • 60-90 days to pull permits
  • 16-18 months to complete construction

Contacts

broker

Bill Caton, CIPS

Caton Commercial Real Estate Group

(815) 370-1236

Location

Getting Around

  • Walk Score ®

    27/100 Car-Dependent

  • Bike Score ®

    48/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Elgin, IL
  • Neighborhood West Point Gardens
  • Zip Code 60124
  • Market Chicago

Points of Interest

  • Big Timber Road

    2.44 miles

  • Elgin

    4.22 miles

  • National Street

    4.69 miles

  • BP

    0.20 miles

  • Shell

    1.78 miles

  • Meijer

    2.43 miles

  • Sam's Club

    2.85 miles

  • 7-Eleven

    2.88 miles

  • Speedway

    3.01 miles

  • Shell

    3.07 miles

  • Marathon

    3.09 miles

  • BP

    3.13 miles

  • BP

    3.75 miles

  • Big Timber Road Commuter Parking

    2.54 miles

  • Volunteer Parking

    2.90 miles

  • Otter Creek Forest Preserve

    3.04 miles

  • Pingree Grove Forest Preserve - east parking

    3.14 miles

  • Pace I-90 & Randall Road Park-n-Ride

    3.46 miles

  • Jelkes Creek Bird Sanctuary parking

    4.04 miles

  • Pingree Grove Forest Preserve - south parking

    4.04 miles

  • Fountain Square Way

    4.32 miles

  • Muirhead Springs Forest Preserve

    4.32 miles

  • Parking St. John's Lutheran Church

    4.39 miles

  • Candlewood Suites Elgin

    3.25 miles

  • Country Inn & Suites

    3.55 miles

  • Comfort Inn

    3.97 miles

  • Quality Inn

    4.55 miles

  • Hampton

    4.58 miles

  • Super 8

    4.62 miles

  • Holiday Inn

    4.68 miles

  • Courtyard

    4.78 miles

  • TownePlace Suites

    4.84 miles

  • Days Inn

    5.83 miles

  • Dunkin'

    0.19 miles

  • TJ’s Bar and Grill

    0.28 miles

  • The Beef Shack

    0.31 miles

  • Macianos

    0.35 miles

  • Sammy's Mexican Bar and Grill

    0.36 miles

  • Country Doughnuts

    0.39 miles

  • White Cottage Pizzeria

    1.71 miles

  • IHOP

    1.72 miles

  • Applebee's

    1.73 miles

  • KFC

    1.74 miles

  • Prairie Knolls Middle School

    0.97 miles

  • Prairie View Grade School

    1.32 miles

  • Westminster Christian School

    1.49 miles

  • Country Trails Elementary School

    1.77 miles

  • Highland Christian Academy

    1.82 miles

  • Hillcrest Elementary School

    2.01 miles

  • Creekside Elementary School

    2.35 miles

  • Saint Thomas More School

    2.59 miles

  • Elgin Community College

    2.65 miles

  • Larkin High School

    2.86 miles

  • Elgin Child & Family Resource Center

    4.79 miles

  • Children Love to Learn Development Centers, Inc.

    4.90 miles

  • Two Rivers Head Start Agency

    5.02 miles

  • The Learning Tree Childcare

    5.68 miles

  • KinderCare

    7.22 miles

  • Academy 4 Kids Child Care Cente

    9.46 miles

  • Safari Childcare

    9.62 miles

  • Learning Experience

    9.72 miles

  • The Learning Hills

    9.99 miles

Frequently Asked Questions

What is the lease rate for Multi-Family/Assisted Living Site?

Rental asking rate at Multi-Family/Assisted Living Site is $1,250,000.00/YR.

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Contact Listing Broker

broker

Bill Caton, CIPS

Caton Commercial Real Estate Group

(815) 370-1236