1.65 acres! 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.
Active
$900,000
400 Frontage Rd, Downers Grove, IL 60516
6beds
1.65Acres
Unimproved Land
Built in ----
1.65 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Substantial street presence
- 31 days |
- 82 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: 19 hours ago
Listing courtesy of:
Elaine Pagels, CSC 630-640-2002,
Berkshire Hathaway HomeServices Chicago,
Dan Wood 630-640-3798,
Berkshire Hathaway HomeServices Chicago
Source: MRED as distributed by MLS GRID,MLS#: 12576537
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Natural Gas
Appliances
- Laundry: Common Area
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 4
- Parking features: Asphalt, Detached, Garage
- Has garage: Yes
Features
- Stories: 2
- Frontage length: 495
Lot
- Size: 1.65 Acres
- Dimensions: 495x142x469x155
Details
- Additional structures: Garage(s), Residence
- Parcel number: 1005203006
- Zoning: SINGL
- Special conditions: Standard
Utilities & green energy
- Utilities for property: Electric to Site, Natural Gas Available, Sewer Connected, Water Nearby
Community & HOA
Location
- Region: Downers Grove
Financial & listing details
- Annual tax amount: $6,112
- Date on market: 3/6/2026
- Ownership: Fee Simple
- Tenant pays: Air Conditioning, Electricity, Heat, Taxes, Roof, Scavenger, Structure, Sewer, All Utilities
- Electric utility on property: Yes
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/6/2026 | Listed for sale | $900,000 |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.Monthly payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 60516
Nearby schools
GreatSchools rating
- 8/10Cass Jr High SchoolGrades: 5-8Distance: 1 mi
- 8/10Hinsdale South High SchoolGrades: 9-12Distance: 3 mi
- 10/10Concord Elementary SchoolGrades: PK-4Distance: 1.7 mi
Schools provided by the listing agent
- Elementary: Concord Elementary School
- Middle: Cass Junior High School
- High: Hinsdale South High School
- District: 63
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 60516
- Illinois
- DuPage County
- Downers Grove
- 60516
- 400 Frontage Rd





