Great re-development opportunity of a 20,482 sqft soon to be closed 73 bed nursing home, in quiet neighborhood west of the city, situated on 1.43 acres zoned R-4. Just off Roosevelt Rd. on quiet street.
Positioned in the thriving community of Hillside, the location surrounding the property at 323 Oak Ridge Ave offers a blend of convenience and suburban charm. Nestled within proximity to the Oakbrook Center shopping mecca and minutes from downtown Chicago, the area provides a balance of accessibility and tranquility for professionals. Locally, visitors can enjoy the lush greenery of the Hillside Commons and take advantage of the ample dining and retail options at the Hillside Town Center. With its strategic positioning and a range of amenities, the area serves as an appealing choice for office building investors seeking a well-connected and inviting suburban locale.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
