416 Crescent Street
Property Description
Excellent Wheaton redevelopment opportunity near downtown, the train station, and Wheaton College. Zoned R-5 Residential, which allows multi-unit development or a single-family home. The existing building is in poor condition and is currently rented as private rooms on a month-to-month basis. The rear/south portion of the lot is within a floodplain, but has ample area to place a new building outside the floodplain. A conceptual site plan is available showing a potential two-unit, two-story building with five parking spaces. The buyer must independently verify zoning, permitted uses, floodplain boundaries, and development feasibility with the City of Wheaton.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $300,000 |
| Year Built: | 1887 |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 2 |
ID: 3yd-MREDIL-12772014
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