For Sale – 60+ Acre Parcel in Schaumburg

D211 60+ Acre Property Map

The Township High School District 211 Board of Education is pleased to offer a 60+ acre parcel of undeveloped land for sale in Schaumburg, Ill.  The parcel is located west of Plum Grove Road, east of Summit Drive, and north of Wise Road.

The Board of Education has established a minimum sale price, set at $17 million, and has elected to sell the property through a sealed bid process.

Bids will begin to be accepted on January 8, 2018, and must be received by no later than 2:00 p.m. on February 20, 2018. 

Sealed bids must be submitted to:

Barbara Peterson
RE: BID #1887: 60+ Acre Land
Township High School District 211
1750 S. Roselle Road
Palatine, IL  60067-7336

To obtain the bid document click here. To receive additional information on the bid for the property, please contact the Township High School District 211 Business Office at 847-755-6612 or by email ([email protected]

The Board of Education has received a comprehensive civil engineering report, including results of an American Land Title Association (ALTA) survey of the land and feasibility study conducted by Manhard Consulting.  Several analyses were achieved through the comprehensive land survey and feasibility study, and results of the study include the following summary of findings:

  • The property is 62.036 acres in size
  • Eight individual wetlands have been identified throughout the property totaling approximately 6.5 acres; one wetland on the northeast corner of the property lies under jurisdiction of the USACE; the remaining wetlands total less than ½ acre in size for the combined six areas noted throughout the property
  • One wetland in the center of the property is under review by the EPA as a high-quality wetland with jurisdiction by the Metropolitan Water Reclamation Department (MWRD)
  • The property is surrounded by access to utility lines and easements, sanitary water lines, and water mains with no known capacity issues
  • There were no environmental findings on or surrounding the property
  • The land has approximately 40 feet of grade change from the west end of the property to the east end of the property

The Village of Schaumburg retains jurisdiction of the property’s approved use for any future development, whether by District 211 or an outside entity.  In a communication from the Village of Schaumburg shared with the Board of Education at its March 16, 2017 meeting, the Village identified the highest and best use for the property to be single family housing, and expressed support of active and passive recreational space, or certain uses that would support District 211’s educational mission without negative impact on the surrounding residential neighborhoods.

 

Additional Resources

ALTA Land Title Survey

Site Evaluation and Feasibility Study

Wetland Delineation Report 

January 19, 2017 Board of Education Meeting Report: 60-Acre Land Questionnaire Update

March 16, 2017 Board of Education Meeting Report: 60-Acre Land Questionnaire Analysis Parameters and Document from Village of Schaumburg 

May 25, 2017 Board of Education Meeting Report: 60-Acre Property Update – Land Survey and Feasibility Study

June 15, 2017 Board of Education Meeting Report: 60-Acre Site Development and Feasibility Assessment Presentation

July 20, 2017 Board of Education Meeting Report: 60+ Acre Property: Legal Considerations for Potential Land Use

October 19, 2017 Board of Education Meeting Report: 60+ Acre Property: Optimazation of Land Use

December 14, 2017 Board of Education Meeting Report: Resolution Authorizing the Sale of the District’s 62-Acre Property; Terms and Conditions of Sale of Property; and Notice of Sale of Real Estate 

 

 

Aerial View of Property
D211 60+ Acre Aerial Photo

 

Aerial Flyover of Property

 

 

 

1750 South Roselle Road
Palatine, Illinois 60067-7336
847-755-6600
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