Downtown Lisle TOD and Tax Increment Financing (TIF) District

Posted by Village of Lisle, IL

Map
Satellite

Development Site

Development Opportunity

Size

6.39 acres

Ownership

Privately Owned

Availability

For Sale

In Opportunity Zone

No

Site Description

This 7.5 acre TIF District in Lisle's rapidly growing Downtown offers excellent potential for retail, commercial, and mixed-used development. With over $50 MM of new private sector investment in concert with $20 MM of recent public improvements in the Downtown, Lisle's central business district offers a unique opportunity to construct a P3 project in an extremely desirable part of Chicago's thriving Western Suburbs. To assist in offsetting capital costs the Village of Lisle has enacted a $17.5 million TIF, and an efficient entitlement process has been designed to mitigate risk and protect investment. Sales Tax Sharing is also available for the retail users within the TIF District.

Bounded by a major arterial - Ogden Ave./Rt. 34 - to the north with an ADT/VPD of over 28,000 and a signalized hard corner, the site offers both strong exposure and easy access. And the site's immediate adjacency to one of the Metra/BNSF rail line's busiest stations, with over 20,000 commuters weekly, creates the potential for TOD projects within one block of the platform. These features in combination with Lisle's strong demographics and economic environment - the 2016 estimated median household income (MHI) exceeds $109,000 - produce a great opportunity for developers and investors.

Documents

General/Comprehensive Plan Designation

Login to view

Master Plan/Specific Plan

Login to view

Zoning Designation

Login to view

Height Limits

Login to view

Floor to Area Ratio (FAR)

Login to view

Dwelling Units per Acre

Login to view

Parking Requirement

Login to view

Other Requirement

Request

Project Readiness

Request

Tax Credit

$17.5 Million TIF District

Financial Programs

Restaurant Grant Program

Other Incentives

Sale Tax Sharing and Existing municipal Retail/ Restaurant Grant Program

Costs

Request

Fee Schedule

Request

Infrastructure

The Village of Lisle has invested over $20 MM in infrastructure improvements in the Downtown within the past five years, including: sidewalks, curbs, gutters, detention pond, park, splash pad.

Transportation Investment

As part of a $20 MM investment in overall infrastructure, the Village of Lisle has reconfigured and resurfaced Main Street through its Downtown. Downtown Lisle is also home to the Village's Metra Station, which is one of the busiest on the Metra system.

Private Investment

Marquette Properties recently completed entitlement a and is midway through the construction phase on a $50 MM mixed-used project comprised of 19,000 SF of retail space (white box) and 201 units of highly amenitized, luxury (+$2.10/SF) apartments.

Local Development Trends & Market Indicators

Request
Staticmap?key=aizasyak uzhjne34uyx7rgi7jyegn2misqqzkw&maptype=satellite&path=color%3a0xf59331ff%7cfillcolor%3a0xf5933133%7cweight%3a3%7cenc%3asfc%7ef%7e%7dpxof%7cau%40bi%7bav%40e%3f%3ff%7cau%40bi%7bav%40e%3f%3ff%7cau%40bi%7bav%40e&scale=1&size=100x100

4701 Main St, Lisle, IL 60532

0.29 acres (12680.71 sqft)
Owner
OGDEN LISLE LLC
1111 W 22ND ST, OAK BROOK IL 60523, OAK BROOK IL 60523
Details
APN: 0803426001
For Sale
Staticmap?key=aizasyak uzhjne34uyx7rgi7jyegn2misqqzkw&maptype=satellite&path=color%3a0xf59331ff%7cfillcolor%3a0xf5933133%7cweight%3a3%7cenc%3aq c%7efpzpxo%40vaiepgyaneo%3f%3f%40vaiepgyaneo%3f%3f%40vaiepgyaneo&scale=1&size=100x100

4705 Main St, Lisle, IL 60532

1.04 acres (45380.38 sqft)
Owner
MAIN ST LISLE LLC
1111 W 22ND ST, OAK BROOK IL 60523, OAK BROOK IL 60523
Details
APN: 0810206002
For Sale
Staticmap?key=aizasyak uzhjne34uyx7rgi7jyegn2misqqzkw&maptype=satellite&path=color%3a0xf59331ff%7cfillcolor%3a0xf5933133%7cweight%3a3%7cenc%3a%7d%60c%7efl%7dpxob%7eaqdng%7datdq%3f%3fb%7eaqdng%7datdq%3f%3fb%7eaqdng%7datdq&scale=1&size=100x100

4705 Main St, Lisle, IL 60532

1.0 acres (43450.94 sqft)
Owner
MAIN ST LISLE LLC
1111 W 22ND ST, OAK BROOK IL 60523, OAK BROOK IL 60523
Details
APN: 0803426003
For Sale
Staticmap?key=aizasyak uzhjne34uyx7rgi7jyegn2misqqzkw&maptype=satellite&path=color%3a0xf59331ff%7cfillcolor%3a0xf5933133%7cweight%3a3%7cenc%3ao c%7efh%7dpxob%7eam%40bc bl%40c%3f%3fb%7eam%40bc bl%40c%3f%3fb%7eam%40bc bl%40c&scale=1&size=100x100

4733 Main St, Lisle, IL 60532

0.25 acres (11045.59 sqft)
Owner
LONG GROVE DEVELOPMENT
4768 RFD, LONG GROVE IL 60047, LONG GROVE IL 60047
Details
APN: 0810206001
For Sale
Staticmap?key=aizasyak uzhjne34uyx7rgi7jyegn2misqqzkw&maptype=satellite&path=color%3a0xf59331ff%7cfillcolor%3a0xf5933133%7cweight%3a3%7cenc%3aafc%7ef%60%7bpxofxaqahg%7dapae%3f%3ffxaqahg%7dapae%3f%3ffxaqahg%7dapae&scale=1&size=100x100

4705 Main St, Lisle, IL 60532

0.44 acres (18976.47 sqft)
Owner
MAIN ST LISLE LLC
1111 W 22ND ST, OAK BROOK IL 60523, OAK BROOK IL 60523
Details
APN: 0803426002
For Sale
Staticmap?key=aizasyak uzhjne34uyx7rgi7jyegn2misqqzkw&maptype=satellite&path=color%3a0xf59331ff%7cfillcolor%3a0xf5933133%7cweight%3a3%7cenc%3agec%7efjvpxob%60bubocmatbc%3f%3fb%60bubocmatbc%3f%3fb%60bubocmatbc&scale=1&size=100x100

1025 Ogden Ave, Lisle, IL 60532

0.58 acres (25079.73 sqft)
Owner
WONAIS WILLIAM
1025 OGDEN AVE, LISLE IL 60532, LISLE IL 60532
Details
APN: 0803427011
For Sale
Staticmap?key=aizasyak uzhjne34uyx7rgi7jyegn2misqqzkw&maptype=satellite&path=color%3a0xf59331ff%7cfillcolor%3a0xf5933133%7cweight%3a3%7cenc%3a gc%7efrtpxodr%40iahcs%40fai%3f%3fdr%40iahcs%40fai%3f%3fdr%40iahcs%40fai&scale=1&size=100x100

1001 Ogden Ave, Lisle, IL 60532

0.22 acres (9661.7 sqft)
Owner
COMMERCIAL NTL/BRWN930530
10 S LASALLE ST, CHICAGO IL 60603, CHICAGO IL 60603
Details
APN: 0803427004
For Sale
Staticmap?key=aizasyak uzhjne34uyx7rgi7jyegn2misqqzkw&maptype=satellite&path=color%3a0xf59331ff%7cfillcolor%3a0xf5933133%7cweight%3a3%7cenc%3acgc%7efjspxobf%40gahbk%40%7e%40e%3f%3fbf%40gahbk%40%7e%40e%3f%3fbf%40gahbk%40%7e%40e&scale=1&size=100x100

1001 Ogden Ave, Lisle, IL 60532

0.17 acres (7318.37 sqft)
Owner
COMMERCIAL NTL/BRWN930530
10 S LASALLE ST, CHICAGO IL 60603, CHICAGO IL 60603
Details
APN: 0803427005
For Sale
Staticmap?key=aizasyak uzhjne34uyx7rgi7jyegn2misqqzkw&maptype=satellite&path=color%3a0xf59331ff%7cfillcolor%3a0xf5933133%7cweight%3a3%7cenc%3agdc%7efdspxo%40r%40c%40%3faq%40b%40a%3f%3f%40r%40c%40%3faq%40b%40a%3f%3f%40r%40c%40%3faq%40b%40a&scale=1&size=100x100

4709 Spencer Ave, Lisle, IL 60532

0.1 acres (4542.92 sqft)
Owner
BSP2 LLC
NAPERVILLE IL 60567, NAPERVILLE IL 60567
Details
APN: 0803427009
For Sale
Staticmap?key=aizasyak uzhjne34uyx7rgi7jyegn2misqqzkw&maptype=satellite&path=color%3a0xf59331ff%7cfillcolor%3a0xf5933133%7cweight%3a3%7cenc%3aiec%7efxtpxo%40p%40o%40bkcbv%40c%40p%40%3f%3f%40p%40o%40bkcbv%40c%40p%40%3f%3f%40p%40o%40bkcbv%40c%40p%40&scale=1&size=100x100

4706 Center Ave, Lisle, IL 60532

0.29 acres (12740.53 sqft)
Owner
MOUSAVI TR SYED M
640 S WASHINGTON ST, NAPERVILLE IL 60540, NAPERVILLE IL 60540
Details
APN: 0803427007
For Sale
Staticmap?key=aizasyak uzhjne34uyx7rgi7jyegn2misqqzkw&maptype=satellite&path=color%3a0xf59331ff%7cfillcolor%3a0xf5933133%7cweight%3a3%7cenc%3a cc%7efdvpxob%60be%40baabb%40c%3f%3fb%60be%40baabb%40c%3f%3fb%60be%40baabb%40c&scale=1&size=100x100

4711 Spencer Ave, Lisle, IL 60532

0.2 acres (8777.83 sqft)
Owner
BSP2 LLC
NAPERVILLE IL 60567, NAPERVILLE IL 60567
Details
APN: 0810207001
For Sale
Staticmap?key=aizasyak uzhjne34uyx7rgi7jyegn2misqqzkw&maptype=satellite&path=color%3a0xf59331ff%7cfillcolor%3a0xf5933133%7cweight%3a3%7cenc%3acdc%7efhvpxo%40%60ba%40%40escb%40%3f%40n%40%3f%3f%40%60ba%40%40escb%40%3f%40n%40%3f%3f%40%60ba%40%40escb%40%3f%40n%40&scale=1&size=100x100

4709 Spencer Ave, Lisle, IL 60532

0.3 acres (12910.75 sqft)
Owner
BSP2 LLC
NAPERVILLE IL 60567, NAPERVILLE IL 60567
Details
APN: 0803427008
For Sale
Staticmap?key=aizasyak uzhjne34uyx7rgi7jyegn2misqqzkw&maptype=satellite&path=color%3a0xf59331ff%7cfillcolor%3a0xf5933133%7cweight%3a3%7cenc%3aecc%7ef%60spxo%40r%40a%40bas%40%60%40c%3f%3f%40r%40a%40bas%40%60%40c%3f%3f%40r%40a%40bas%40%60%40c&scale=1&size=100x100

4714 Center Ave, Lisle, IL 60532

0.11 acres (4587.67 sqft)
Owner
BSP2 LLC
NAPERVILLE IL 60567, NAPERVILLE IL 60567
Details
APN: 0810207006
For Sale
Staticmap?key=aizasyak uzhjne34uyx7rgi7jyegn2misqqzkw&maptype=satellite&path=color%3a0xf59331ff%7cfillcolor%3a0xf5933133%7cweight%3a3%7cenc%3aabc%7ef%7erpxobbba%40%40ecbb%40a%3f%3fbbba%40%40ecbb%40a%3f%3fbbba%40%40ecbb%40a&scale=1&size=100x100

4714 Center Ave, Lisle, IL 60532

0.2 acres (8649.37 sqft)
Owner
BSP2 LLC
NAPERVILLE IL 60567, NAPERVILLE IL 60567
Details
APN: 0810207007
For Sale
Staticmap?key=aizasyak uzhjne34uyx7rgi7jyegn2misqqzkw&maptype=satellite&path=color%3a0xf59331ff%7cfillcolor%3a0xf5933133%7cweight%3a3%7cenc%3accc%7efttpxobn%40c%40bao%40%60%40c%3f%3fbn%40c%40bao%40%60%40c%3f%3fbn%40c%40bao%40%60%40c&scale=1&size=100x100

4711 Spencer Ave, Lisle, IL 60532

0.1 acres (4271.79 sqft)
Owner
BSP2 LLC
NAPERVILLE IL 60567, NAPERVILLE IL 60567
Details
APN: 0810207005
For Sale
Staticmap?key=aizasyak uzhjne34uyx7rgi7jyegn2misqqzkw&maptype=satellite&path=color%3a0xf59331ff%7cfillcolor%3a0xf5933133%7cweight%3a3%7cenc%3a%7dac%7efbvpxob%60ba%40%40cab%60%40a%3f%3fb%60ba%40%40cab%60%40a%3f%3fb%60ba%40%40cab%60%40a&scale=1&size=100x100

4715 Spencer Ave, Lisle, IL 60532

0.19 acres (8408.76 sqft)
Owner
BSP2 LLC
NAPERVILLE IL 60567, NAPERVILLE IL 60567
Details
APN: 0810207002
For Sale
Staticmap?key=aizasyak uzhjne34uyx7rgi7jyegn2misqqzkw&maptype=satellite&path=color%3a0xf59331ff%7cfillcolor%3a0xf5933133%7cweight%3a3%7cenc%3a%7b%60c%7ef%7eupxodbbc%40%40cab%60%40c%3f%3fdbbc%40%40cab%60%40c%3f%3fdbbc%40%40cab%60%40c&scale=1&size=100x100

4715 Spencer Ave, Lisle, IL 60532

0.2 acres (8734.13 sqft)
Owner
BSP2 LLC
NAPERVILLE IL 60567, NAPERVILLE IL 60567
Details
APN: 0810207003
For Sale
Staticmap?key=aizasyak uzhjne34uyx7rgi7jyegn2misqqzkw&maptype=satellite&path=color%3a0xf59331ff%7cfillcolor%3a0xf5933133%7cweight%3a3%7cenc%3a ac%7ef%7crpxob%60ba%40bccb%60%40a%3f%3fb%60ba%40bccb%60%40a%3f%3fb%60ba%40bccb%60%40a&scale=1&size=100x100

4716 Center Ave, Lisle, IL 60532

0.2 acres (8575.55 sqft)
Owner
BSP2 LLC
NAPERVILLE IL 60567, NAPERVILLE IL 60567
Details
APN: 0810207008
For Sale
Staticmap?key=aizasyak uzhjne34uyx7rgi7jyegn2misqqzkw&maptype=satellite&path=color%3a0xf59331ff%7cfillcolor%3a0xf5933133%7cweight%3a3%7cenc%3ay c%7efhspxo%40pac%40bcabd%40j%3f%3f%40pac%40bcabd%40j%3f%3f%40pac%40bcabd%40j&scale=1&size=100x100

1000 School St, Lisle, IL 60532

0.2 acres (8607.85 sqft)
Owner
LA ROSE CHRISTOPHER J
1000 SCHOOL ST, LISLE IL 60532, LISLE IL 60532
Details
APN: 0810207009
For Sale
Staticmap?key=aizasyak uzhjne34uyx7rgi7jyegn2misqqzkw&maptype=satellite&path=color%3a0xf59331ff%7cfillcolor%3a0xf5933133%7cweight%3a3%7cenc%3aw c%7efzupxobbba%40becbb%40c%3f%3fbbba%40becbb%40c%3f%3fbbba%40becbb%40c&scale=1&size=100x100

4715 Spencer Ave, Lisle, IL 60532

0.2 acres (8658.89 sqft)
Owner
BSP2 LLC
NAPERVILLE IL 60567, NAPERVILLE IL 60567
Details
APN: 0810207004
For Sale
Staticmap?key=aizasyak uzhjne34uyx7rgi7jyegn2misqqzkw&maptype=satellite&path=color%3a0xf59331ff%7cfillcolor%3a0xf5933133%7cweight%3a3%7cenc%3aofc%7efvxpxo%40xoadaynae%3f%3f%40xoadaynae%3f%3f%40xoadaynae&scale=1&size=100x100

1027 Ogden Ave, Lisle, IL 60532

0.12 acres (5186.26 sqft)
Owner
1027 OGDEN AVE LLC
1027 OGDEN AVE, LISLE IL 60532, LISLE IL 60532
Details
APN: 0803427001
For Sale

Contact Pete Kelly

Pete (from Village of Lisle, IL) has more details.

Message

Created on October 7th, 2016 (last updated 5 months ago)