Property photo 1
Property photo 2
0 Beds

$999,900

1345 E Prairie Avenue, Des Plaines IL, 60016

Price per sqftN/A
Built in2026
Property typeOther
Listed by Michael Stangel with @properties Christie�s International Real Estate 773-203-1559

Overview

Active

Re-activated

Listed Jul 23, 2026

Updated 12h ago

Shovel-ready following demolition of the existing structure. Plans, permits, and approvals are in place, allowing a new owner to move directly into the next phase of development. In the Heart of Downtown Des Plaines! An exceptional opportunity for a developer or builder to take over a fully entitled project in one of Chicago's most active suburban markets. The current owner has completed the extensive entitlement process, and the sale includes approved plans and permits, allowing the next owner to begin construction without the time, expense, and uncertainty typically associated with development approvals. Perfectly positioned in Des Plaines' thriving downtown district, this site offers an outstanding walkable location just steps from the Des Plaines Metra station, making commuting to downtown Chicago exceptionally convenient. Future residents will enjoy easy access to Metropolitan Square, the Des Plaines Public Library, neighborhood parks, grocery stores, coffee shops, boutique shopping, and an expanding collection of popular restaurants, and local businesses. With numerous new restaurants, retail establishments, and mixed-use developments continuing to open nearby, the area is experiencing tremendous growth and investment. Whether you're an experienced developer looking to accelerate your next project or a builder seeking a streamlined path from acquisition to construction, this is a unique opportunity to acquire a shovel-ready development in one of the Northwest suburbs' most desirable and rapidly evolving downtown locations. Opportunities like this are increasingly rare-capitalize on the months of planning and approvals already completed and bring this exciting project to life.

$6,652/mo

Est. mortgage payment based on a $999,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
12714041

Interior Features

Bedrooms
0
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.28 Acres

Other Property Details

Taxes
$14,831
Tax Frequency
Annually
Municipality
Maine
MLS provider logo

Listed by Michael Stangel with @properties Christie�s International Real Estate 773-203-1559

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Eugene Fu Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 10/21/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. Properties displayed may be listed or sold by various participants in the MLS. Properties displayed may be listed or sold by various participants in the MLS.

©2026 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data is refreshed every 3 hours. Listing last updated 4:21 AM UTC on 10/21/2026. 

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