Description
DOUBLE LOT DEVELOPMENT OPPORTUNITY ~ A rare shovel-ready double lot development opportunity in one of Arlington Heights' most sought-after neighborhoods, offering expansive buildable FARs and unmatched potential for luxury single-family homes. ~ This prime site is located in the top-rated Hersey High School district, a 2024 Blue Ribbon recipient, surrounded by upscale homes selling for 1.6 million and higher. ~ The combined 27,000+ sq. ft. property includes two generously sized lots: Lot #1 (Corner) spans 15,000+ sq. ft. with an approved buildable FAR of 6,000+ sq. ft. Lot #2 (Interior) spans 11,000+ sq. ft. with an approved buildable FAR of 5,000+ sq. ft. ~ The premium corner lot offers exceptional design flexibility, allowing for side-entry, rear-load, front-facing, detached, or even two-story garage configurations to suit the buyer's vision. ~ The existing home on the site is a tear-down, making way for two fully custom new construction homes. ~ This site allows developers to create prestigious, high-end homes tailored to discerning buyers. All preliminary approvals are in place, and home designs can be customized by buyers and reviewed by the Village of Arlington Heights. | Located near the Metra station for easy access to downtown and close to parks, shopping, and dining, this thriving area commands high demand for new construction homes. | The seller is an Illinois-licensed Realtor.
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5BEDS
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N/AACRES
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1BATHS
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11/2 BATHS
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2,113SQFT
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$189$/SQFT
School Information
Description
DOUBLE LOT DEVELOPMENT OPPORTUNITY ~ A rare shovel-ready double lot development opportunity in one of Arlington Heights' most sought-after neighborhoods, offering expansive buildable FARs and unmatched potential for luxury single-family homes. ~ This prime site is located in the top-rated Hersey High School district, a 2024 Blue Ribbon recipient, surrounded by upscale homes selling for 1.6 million and higher. ~ The combined 27,000+ sq. ft. property includes two generously sized lots: Lot #1 (Corner) spans 15,000+ sq. ft. with an approved buildable FAR of 6,000+ sq. ft. Lot #2 (Interior) spans 11,000+ sq. ft. with an approved buildable FAR of 5,000+ sq. ft. ~ The premium corner lot offers exceptional design flexibility, allowing for side-entry, rear-load, front-facing, detached, or even two-story garage configurations to suit the buyer's vision. ~ The existing home on the site is a tear-down, making way for two fully custom new construction homes. ~ This site allows developers to create prestigious, high-end homes tailored to discerning buyers. All preliminary approvals are in place, and home designs can be customized by buyers and reviewed by the Village of Arlington Heights. | Located near the Metra station for easy access to downtown and close to parks, shopping, and dining, this thriving area commands high demand for new construction homes. | The seller is an Illinois-licensed Realtor.
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