31W330 Golf Rd., Schaumburg, IL 60195

BANK ORDERS SALE Near the corner of Golf Rd. (Route 58) and Berner Dr., this 35.7 acre site is ready for development. This potential subdivision is zoned R-3, creating the opportunity to develop approximately 75 homes each with a lot of at least 10,000 square feet. Under the current zoning, each house has a maximum floor area ratio of 0.35. The average selling price for homes in the area is more than $375,000. Although this site is close to the border with Elgin, it is fully located in Hoffman Estates. This area has seen a significant amount of residential development since 2000, with more than 1,500 residents moving to the area.