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How Emerging Land Projects Are Shaping the Market for Investors and Occupiers

Tucked in the heart of DuPage County and strategically positioned between I-355 and Route 83, Addison offers a compelling mix of logistics access, development flexibility, and suburban density. With long-standing industrial roots and strong residential demand, Addison is increasingly attractive to commercial real estate investors and users seeking value and scalability just west of Chicago.

This year, several land parcels and redevelopment opportunities are quietly shaping the future of Addison’s real estate market. Below are four key opportunities worth watching. These are just a few examples; our most strategic listings are reserved exclusively for Van Vlissingen & Co. clients.

1. 1100 W Lake Street – Multifamily-Ready Redevelopment Site

📍 1100 W Lake St, Addison, IL 60101
Size: 6.10 AC (265,716 SF)
Zoning: R-3B PUD | Asking Price: $3,600,000
Frontage: 2,251’ along W Lake Street
Currently vacant and previously developed, this parcel offers strong infrastructure and proximity to key transit with walkability, utilities in place, and nearly unlimited redevelopment upside. With multifamily zoning and broad frontage, it’s a rare chance to deliver high-density product in a municipality actively encouraging infill.

Learn More About 1100 W Lake Street

2. Lake Street & Route 53 Redevelopment – Master-Planned Potential

📍 Lake St & Route 53, Addison, IL 60101
Size: 20.05 AC (873,378 SF)
Zoning: Mixed-use eligible | Asking Price: $17,485,000
This 20-acre site is one of the largest contiguous tracts in Addison. It sits at the intersection of Lake Street and Route 53, one of the highest-traffic nodes in North DuPage. The site is suitable for apartments, industrial, senior housing, retail, or even a master-planned community. With build-to-suit flexibility and a strong surrounding population base, this is a game-changing site for institutional or private capital.

Learn More About Lake St & Route 53

3. 1800 W Fullerton Avenue – Industrial Build-to-Suit Corridor (Additional Opportunity)

📍 1800 W Fullerton Ave, Addison, IL 60101
Size: ~8 AC (approx.)
Zoning: M-1 Limited Manufacturing
Strategically located with access to I-355, this site is a target for last-mile logistics, truck terminal, or light manufacturing users. As industrial vacancy tightens and users shift west, build-to-suit sites like this are shaping leasing comps and investor appetite for value-add land holdings across DuPage.

4. Addison Corridor Reuse Site – Near Army Trail Road & Lombard Road (Additional Opportunity)

📍 Near Army Trail Rd & Lombard Rd, Addison, IL 60101
Size: Approx. 6–10 AC (Multiple Parcels)
Zoned for general commercial use and surrounded by residential rooftops, this area is seeing increased interest from developers targeting service retail, medical office, and multi-tenant centers. Demand is being driven by Addison’s growing daytime workforce and aging shopping centers primed for redevelopment.

How These Sites Will Shape Addison’s Real Estate Market

For Investors:

Addison’s large-lot availability and favorable pricing compared to neighboring Elmhurst, Itasca, or Lombard create attractive yield profiles. As demand for infill industrial and multifamily grows, these sites position investors to drive appreciation through entitlement, development, or land banking strategies.

For Occupiers:

Industrial users needing scale and access are looking west of O’Hare, and Addison delivers. Retail and service users benefit from strong traffic, established rooftops, and unmet demand for new-format centers and medical hubs.

For Market Fundamentals:

Addison is evolving from a legacy industrial hub into a flexible suburban submarket, capable of absorbing mixed-use, residential, and flex-industrial development. These properties are shaping the comps, land values, and tenant expectations that will define DuPage’s next commercial cycle.

Let’s Talk Addison Strategy

These are just a few of the opportunities we’re tracking. Our clients have access to deeper data, early access to listings, and exclusive off-market deals throughout Addison and beyond. Connect with our commercial real estate agents in Addison to explore land development in Addison, tour priority sites, or receive a custom acquisition strategy. The best opportunities go to those who act early, let’s talk.