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Land for Sale in Elgin, Illinois

31W085 Shoe Factory Rd, Elgin, IL 60120

$19,500,000
77 acres
Active sale
ago
Est $143,243/mo

An extraordinary opportunity to acquire approximately 77 acres in Chicago's coveted northwest suburban corridor. Strategically positioned along Shoe Factory Road near South Barrington, Hoffman Estates, and Interstate 90, this remarkable property offers approximately 4,084 feet of road frontage, an impressive collection of existing improvements, and a picturesque natural setting. The property features six residential homes, six additional apartment units, extensive equestrian facilities, multiple barns and stables, three warehouse and storage buildings, an established vineyard, two scenic lakes, mature wooded areas, and expansive open fields. A truly exceptional offering with the scale and versatility to explore a variety of potential uses, including an exclusive luxury residential or gated estate community, senior living and wellness campus, equestrian destination, mixed-use development, hospitality concept, or significant long-term land investment. Located in unincorporated Cook County, this rare 77-acre offering combines substantial acreage, existing infrastructure, natural beauty, and strategic accessibility within Chicago's northwest suburbs. All potential development concepts and uses are subject to independent feasibility studies, zoning and land-use regulations, environmental review, infrastructure availability, and all applicable governmental approvals. An extraordinary opportunity to acquire a significant landholding and bring a landmark vision to life.

Location

Street address
31W085 Shoe Factory Rd
Zip code
60120
Community
Elgin
School district
U46
Elevation
863 feet
Coordinates
42.0585, -88.2249

Directions

I-90 West to Beverly Road. South on Beverly Rd. to property

Property details

Acreage
77 acres
Zoning
PUD
MLS #
MRED 12796859
Posted

Property taxes

2024
$72,000

Parcels

  • 06082010010000

Details and features

Listing

Type
Land

Structure

Cooling
Zoned

Property utilities

CategoryTypeStatus
WaterPublicAvailable

Nearby schools

NameTypeDistrict
Timber Trails Elementary SchoolElementaryU46
Larsen Middle SchoolMiddleU46
Elgin High SchoolHighU46

Listing history

DateEventPriceChangeSource
Nov 2, 2026New listing$19,500,000—MRED
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This 77-acre property is located at 31W085 Shoe Factory Rd in Elgin, IL 60120. The land is available for sale, priced at $19,500,000 — $253,247 per acre.

Listed by Jameson Sotheby's International Realty, (312) 335-3291

Checked 1 hour agoUpdated Source

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