Real Estate
$1.5M Sale On Table For Part Of Roosevelt Rd. Site In Glen Ellyn
The village will consider selling the eastern site at Taft and Roosevelt to a developer.
GLEN ELLYN, IL — The Glen Ellyn Village Board is set to consider a $1.5 million purchase agreement to sell the eastern part of the hotel site on Roosevelt Road.
The potential sale to Go Glen Ellyn Two LLC will be discussed at the May 28 board meeting. Village officials say Go Glen Ellyn Two LLC has not yet shared a specific proposal for redeveloping the site.
The parcel of land is part of two former hotel sites along the Roosevelt Road corridor that Glen Ellyn purchased for $2.85 million in early 2022 in the hopes of spurring reinvestment along the corridor.
Find out what's happening in Glen Ellynfor free with the latest updates from Patch.
In February 2024, Glen Ellyn inked a deal with Full Circle Communities for $1.75 million to develop three parcels at 640 Taft Ave. into affordable housing.
If the purchase agreement with Go Glen Ellyn Two LLC is approved, the developers will need to demolish the hotel building that's currently on the property.
Find out what's happening in Glen Ellynfor free with the latest updates from Patch.
The May 28 meeting is set for 7 p.m. at Glen Ellyn Civic Center, 535 Duane St.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
