THE DEVELOPERS DREAM! Already approved for mid-rise mixed use/ multifamily, the City of Oak Park will make this development easy for you. With most approvals already in place for between 6-8 stories, parking structure, and commercial on the first floor, the City planner and Mayor of Oak Park WANT this to be a part of their new Downtown Oak Park. Other development options are available if you're looking for townhouses or mixed use with both apartments and condos. The City is open to moving the building approach from 11 mile to the side street, Gardens, to streamline entry onto the property. With all new restaurants and entertainment opening monthly next door to this development, walking Oak Park's new downtown will be the destination spot. Not to mention the benefit of local parks being just 5 minutes away and award winning Berkley Schools! There are endless possibilities for development here with a City that is willing to make it happen. The land behind the building is currently owned by Oak Park where they will allow for a structure. Approval for digging below grade for underground parking has also been verbally approved for mid-rise. Photos are for design ideas. currently single story commercial building is existing.
* This payment calculator is intended for educational and planning purposes only. ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
Information is provided in part by the IDX program of the Great Lakes Repository. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.
