Shepherd Group Properties List - 305-309 South Hale Street, Wheaton, IL 60187 [back to listing]

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Primary Type:

Lot Size:

Price:

Land/Commercial/Other [land]

16,541 SF

$1,650,000

Property Description:
16,541 SF site in downtown Wheaton with 124' frontage on Hale Street. Currently the property has 2 houses on the site, one is used as office space. The property is primed for redevelopment. With a C-4 zoning, you can build up to 4 stories or 50', with minimum set-back requirements. The property is also in a TIF district. It may be possible to purchase additional properties that are contiguous to this site.

Location Description:
Located on Hale street within 2 blocks of the Wheaton Train Station and 1.5 blocks from a soon to be constructed parking deck (430 spaces). Hale Street is a principal entry route into downtown Wheaton. (The site also has access to an alley at the south end of the property.) Wheaton has a very aggressive downtown redevelopment with several new mixed use developments underway. The site is ideal for a combination of residentail and commercial development with plenty of parking available on the site.

Highlights
• Excellent Location
• Ideal for redevelopement - several new projects underway
• C-4 Zoning - multiple uses and minimum set-backs
• TIF district
• New infrastructure in downtown area
• Pro-development attitude in Wheaton