***REDEVELOPMENT SITE*** Don't miss this outstanding redevelopment opportunity in the heart of booming Des Plaines. This 0.84-acre lot, combined with an adjacent second lot directly connected to it, offers a prime corner location where Touhy Avenue meets Mannheim Road-an area known for high traffic and strong commercial activity. Just minutes from the Allstate Arena and O'Hare it is surrounded by shopping centers, restaurants, and established businesses, this property is perfectly positioned for a wide range of redevelopment possibilities. Currently featuring two single-family homes, the site is ideal for transforming into office space, a convenience store, law office, physical therapy clinic, beauty salon, massage parlor, tattoo studio, or even a multifamily or mixed-use development. Located next to a commercial hotel site, this is a rare chance to secure a large, versatile parcel in a rapidly growing area. Whether you're a developer, investor, or business owner, this is a must-see location with incredible potential.
— the listing agent’s description
The home
0.84-acre lot
Land
What it’ll cost
$12,128 taxes / yr
No HOA
318 days on dwello
Estimated monthly payment
$7,741/mo
Principal & interest$6,380
Property taxes$1,011
Homeowners insurance$350
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Estimate only — not a loan offer. Example rate; taxes and insurance estimated; your actual rate, payment, taxes, and insurance will vary. dwello is not a lender. Equal Housing Opportunity.
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Tour this home
In person, on your schedule — a dwello agent meets you there.
Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.
Schools
Elementary — Orchard Place Elementary School
Middle — Algonquin Middle School
High — Maine West High School
Assigned schools per the listing — always verify enrollment + boundaries with the district.