Active
325 Oldfield Road
Downers Grove, IL 60516
$600,000
6beds
2baths
—sqft
1.3acres
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About this home
1.3 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. The adjoining addresses are 315 Oldfield, 325 Oldfield and 400 Frontage Road for a total asking price of $1,925,000.
MLS Description — as provided by the listing brokerage.
The facts
Property typeLand
Fireplaces0
Lot size1.3 acres
Architectural styleOther
Annual tax$5,831
CountyDuPage
MLS #MRD12575445
Days on market34
Schools
ElementaryConcord Elementary School
Middle / JuniorCass Junior High School
High schoolHinsdale South High School
Features
Heating
Natural Gas
Cooling
Central Air
Parking
GravelDetachedGarage
Utilities
Electric to SiteNatural Gas AvailableWater Nearby
Construction
WoodVinyl Siding
Listed by
Berkshire Hathaway HomeServices Chicago
Elaine Pagels · 630-640-2002
Listing courtesy of mred MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 4/6/2026, 8:06:14 PM. All data should be independently verified.
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