400 Frontage Road, Downers Grove, IL 60516
DuPage County
Key Facts
Description
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.
Property Information
Property Type
Land
Style
Traditional
Lot Size
1.65 acres
Lot Dimensions
495x142x469x155
Parking Spaces
4
Ownership
Fee Simple
Zoning
SINGL
Days on Market
113
MLS® Listing#
12576537
Property Features
Heating
Basement
Parking
Laundry
Construction
Other Structures
Utilities
Schools
- Elementary:
- Concord Elementary School
- Middle:
- Cass Junior High School
- High:
- Hinsdale South High School
- District:
- Hinsdale South High School
Financial Details
Annual Taxes
$6,112
Tax year 2024
Parcel Number
1005203006
Directions
Lemont Rd to Oldfield Rd, southeast to Frontage Rd, west on Frontage Rd.
Affordability Calculator
$180,000
Estimated monthly payment
$4,790/mo
Principal $720,000 · Est. interest $1,004,464 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Downers Grove, IL
- $480,000
- Median Listing Price
- 25
- Median Days on Market
- 1,953
- Median Sq Ft
- $243
- Median Price / Sq Ft
- 492
- Active Listings
- This home’s price is 88% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Downers Grove, IL.
Location
- 400 Frontage Road, Downers Grove, IL 60516
Points of Interest in Downers Grove, IL
Showing the Downers Grove area map.
Nearby Schools
Bernard J. Ward Elementary School
Elementary · 0.2 mi away
Midwest Christian Montessori Academy
Elementary · 0.6 mi away
St Dominic School
School · 0.6 mi away
Furqaan Academy
School · 0.6 mi away
John R Tibbott Elementary School
Elementary · 0.9 mi away
Jonas E Salk Elementary School
Elementary · 1.4 mi away
Brooks Middle School
Elementary · 1.6 mi away
Valley View School District Step Program
School · 1.6 mi away
Hubert H. Humphrey Middle School
Secondary · 1.7 mi away
Little Saints of God
School · 1.7 mi away
Oak View Elementary School
Elementary · 1.8 mi away
Valley View School District 365
School · 1.8 mi away
Bolingbrook High School
Secondary · 1.8 mi away
Wood View Elementary School
Elementary · 1.9 mi away
Illinois Welding School
Secondary · 1.9 mi away
St. Alphonsus St. Patrick School
Elementary · 2.0 mi away
Independence Elementary School
Elementary · 2.2 mi away
Jane Addams Middle School
Secondary · 2.8 mi away
Dr James Mitchem Early Childhood Center
School · 2.8 mi away
Valley View Community School District 365-U
Elementary · 2.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 125 Goldenrod Drive, Sugar Grove, IL | $649,000 | 5 | 5 | 3,326 |
| 8303 Appaloosa Lane, Spring Grove, IL | $649,900 | 6 | 5 | 5,844 |
| 44W698 Scott Road, Sugar Grove, IL | $650,000 | 5 | 2 | 2,500 |
| 1513 N Applewood Lane, Spring Grove, IL | $675,000 | 5 | 5 | 3,979 |
| 8156 W Enger Lane, River Grove, IL | $680,000 | 8 | 5 | — |
| 125 Goldenrod Drive, Sugar Grove, IL | $699,000 | 5 | 5 | 3,326 |
Moving Cost Estimate
EXIT Agents in Downers Grove
Listing Courtesy: Berkshire Hathaway HomeServices Chicago - 6303257500
Last Updated: 2026-03-04