The Village of Roselle is seeking Statements of Interest from individuals or firms for ownership and development of a 6.5-acre Village owned site. The subject property is located on Roselle Road, immediately south of I-390 in Cook County. It is estimated that 3.1 acres are buildable.
The availability of vacant land adjacent to the Roselle Road/I-390 interchange provides a rare and unique opportunity. The property is located within the Roselle-Nerge TIF District established in 2015. The site also lies within the western access corridor to O’Hare International Airport which will provide a direct link to the transportation network serving the facility. The Village is seeking future development that will enhance the North Roselle Road Corridor and be perceived as adding value to the community.
Details regarding the property may be found in the attached documents.
Contiguous Acres Available for Development:
The total size of the site is approximately 6.5 acres. This acreage includes platted lots as well as street right-of-way intended to be vacated and conveyed for development. It is estimated that of the 6.5 acres, approximately3.1 acres are buildable.
The property presently includes remnants of stock-piled material that originated from the excavation of the adjoining Heathergreen Subdivision Retention Pond. Disposition of the material will be the responsibility of the prospective developer.
It should be noted that the property surrounds a single-family home on a 0.43-acre parcel located at 510 North Roselle Road (northwest corner of Roselle Road & Arthur Avenue). Informal discussions with the owner have indicated there may be a willingness to sell their property in conjunction with the development of the Village-owned parcel. The Village makes no assurances as to a developer’s ability to close a deal on this parcel.
Tax Increment Financing Area (TIF):
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