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.
Vacant landProperty Type
77 acresLot Size
$253,247Price/Acres
Listed by Alexandra Castle• Jameson Sotheby's Intl Realty
Make a winning offer with the help of a local agent
Around this home
Schools
K - 12
Preschool & daycare
Timber Trails Elementary School
Public PreK-6 • Assigned • 0.5mi
6/10
Larsen Middle School
Public 7-8 • Assigned • 2.5mi
3/10
Elgin High School
Public 9-12 • Assigned • 2.4mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Property details
Exterior
Exterior features
Professionally landscaped grounds
Pasture, wooded areas, and a pond or lake
Rolling rural terrain
Walk-out lot
Horses allowed
Clubhouse
Fencing
Community horse barn
Horse riding area and trails
Security entrance
Signalized intersection, township road, and U.S. highway frontage
Asphalt road surface
Home design
Land
Utilities
Municipal water
Electricity at site
Natural gas available
Sewer connected
Sale and tax history for 31W085 Shoe Factory Rd
Sale History
Tax History
Date
Event
Price
MRED as Distributed by MLS Grid #12796859
Nov 2, 2026
Listed (Active)
$19,500,000
MRED as Distributed by MLS Grid #12658429
Sep 29, 2026
Listing Removed
—
MRED as Distributed by MLS Grid #11349859
May 31, 2023
Sold (MLS) (Closed)
$345,000
May 22, 2023
Contingent (Contingent - Continue to Show)
—
Jan 26, 2023
Relisted (Active)
—
Jan 26, 2023
Price Changed
$425,000
Dec 30, 2022
Contingent (Contingent - Continue to Show)
—
Mar 17, 2022
Listed (Active)
$349,900
+3
Great residential land with endless possibilities, just south of 90 with easy access to and from the expressway. Almost 2.5 acres could be subdivided into 2 lots ( possible more ) . Frontage road access, great investment.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Stories
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Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Vacant Land
County
Cook County
APN
06082020110000
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Last updated by owner on Apr 7, 2023.
R3
Single-Family Residence District
The R-3 Single-Family Residence District is intended to provide a semi-urban environment of single-family homes on relatively large lots. This district creates for lot sizes adequate to accommodate individual wells and sewage disposal systems. Schools, recreation and social facilities, religious facilities and public facilities which serve the residents living in the district are allowed. All commercial activities are prohibited, except for selected recreation and sanitary uses.
Permitted uses
Include but are not limited to:
Greenhouse / nursery
Religious facility
Housing-Group
Housing-Single unit
Educational/school
Library
Museum / gallery
Golf related
Cemetery
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 102° expected this year, 14 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Elgin, IL • 60120
Average low and high temperatures (°F)
28
13
37
20
54
33
62
42
70
47
81
61
85
66
81
62
78
56
65
48
49
36
35
21
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
97/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 12% for direct sun exposure in Elgin. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 31W085 Shoe Factory Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $520,000 and $680,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $520K to $680K.