$425,000

315 Oldfield Road, Downers Grove, IL 60516

  • 1 bed |
  • 2 baths
  • Property Icon Land
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon0.48acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 29 days ago

Property Description

.48 acre! Prime residential redevelopment opportunity in Downers Grove, Illinois, approximately 3.5 acres total, consisting of three contiguous/closely aligned parcels with significant frontage of 392' along Oldfield Rd and 499' along Frontage Rd. This assemblage offers meaningful scale for a builder or developer seeking a higher-utility infill site with flexible configuration and the potential to create a density-supported plan (subject to zoning, approvals, and any required variances), currently zoned R-3 which further supports the site's long-term development viability. The combined footprint and layout provide a strong framework for single-family homes, residential group homes, other residential-style redevelopment depending on municipal review and site engineering. The site's general shape allows for efficient planning, including potential internal access/drive design, parking solutions, and building orientation, key advantages when pursuing a higher-and-best-use redevelopment concept. Utilities to the properties are city sewer, electric and gas, with city water connection at the street, buyers should conduct due diligence regarding any required extensions or upgrades. Exceptional location with quick access to major expressways, highly rated schools, premier shopping and dining, airports, and close proximity to luxury home communities. Ownership's preference is to market and sell as a single assemblage to maximize the site's development potential and value. A strong fit for builders and developers looking for a larger site with substantial street presence, in a community aligned with new residential development. Exceptional location with quick access to major expressways, highly rated schools, premier shopping and dining, airports, and close proximity to luxury home communities. The adjoining addresses are 315 Oldfield, 325 Oldfield and 400 Frontage Road for a total asking price of $1,925,000.

Listing Status:
Active
Data Last Updated:
April 3, 2026 at 3:20AM
Listing Office:
Berkshire Hathaway HomeServices Chicago : 630-640-2002
Listing Agent:
Elaine Pagels : 630-640-2002
MLS ID:
12574901
  • Laundry: Electric Dryer HookupIn UnitMultiple LocationsSink
  • Basement: UnfinishedFullWalk-Out Access
  • A/C: Central Air
  • Heating: Natural Gas
  • Fireplace: Fireplaces: 0
  • Style: Traditional
  • Other Structures: ResidenceHouse and Out Bldgs
  • Parking: GravelDetachedGarageParking spaces: 8
  • General: 1.5 Story
  • Road/Access: AsphaltCity Street
  • Originating MLS: mred
  • School District: 63
  • County: DuPage
  • Zoning: SINGL1005203005
  • Current Use: Single Family
  • Utilities: Electric to SiteNatural Gas Available
  • Water: Well
  • Source: mred
  • Ownership: Fee Simple

This listing courtesy of Elaine Pagels , Berkshire Hathaway HomeServices Chicago

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Hinsdale South High School

7401 Clarendon Hills Rd, Darien, IL, 60561

Grades 9-12

2.97 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.