University Park, IL Commercial Real Estate for Sale

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Monee, IL Crete, IL Richton Park, IL

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Updated: Aug 13, 2024

Free-Standing Building in Park Forest

49-59 North Street, Park Forest, IL 60466

$1,500,000

12,600 sqft

Cannabis approved site
Potential Class 8 tax incentive
Well maintained free‑standing building divisible into six 2,100 SF units
Ideally located collision shop space
Updated LED lighting and new emergency exit doors

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This listing looks promising.

Here's a quick look at some key insights for

49-59 North Street, Park Forest, IL 60466

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Est. Cap Rate

7.9%
Above avg (5.9%)
Est. NOI

$119K
Annual
Price @ 7% Cap

$1.7M
Above asking

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Updated: Jan 17, 2025

Industrial and Cold Storage Warehouse

University Park, IL

$6,750,000

123,600 sqft · 5.25 AC lot

±80,116 SF Industrial and Cold Storage Warehouse
New 2,000 amp Transformer offering 3‑Phase Heavy Power
Benefit from ±23,000 SF Two‑Story Office with Executive Suites
Equipped with 5 Interior Docks and 2 Exterior Docks
Ceiling Height ranging from 16’ to 24’

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Industrial Land Near I-57 Interchange

SEC of Stuenkel Rd. and Central Ave., University Park, IL 60484

$5,995,000

55.64 acres of industrial-zoned land in University Park, Illinois.

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Two-Story Building For Sale/Lease

24341 Western Avenue, University Park, IL 60466

Contact for pricing

9,929 sqft

Two-story building available for sale or lease.

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Land Near I-57 Interchange

500 Crossing Dr, University Park, IL

$5,995,000

55.64 AC lot

Land available near I-57 interchange with water and sewer access.

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22.92 Acres Development Opportunity

2355 Bond St, University Park, IL

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22.92 AC lot

22.92 acres available for sale or lease near I-57.

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2.91 Acres Corner Location

Lot 1 West Stuenkel Road, University Park, IL 60484

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2.91 AC lot

2.91 acres in Will County, corner location, industrial park.

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Industrial Land Near I-57 Interchange

SEC of W Stuenkel Rd, University Park, IL 60484

$5,995,000

55.64 AC lot

55.64 acres of industrial land in University Park, Illinois.

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Park Forest Land For Sale

46-48 W South St, Park Forest, IL 60466

$176,800

2.03 AC lot

2.03 acre commercial land plat in Park Forest, Illinois.

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Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 9 Active listings in University Park, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 63 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Standalone Office Building with Parking

23060 Cicero Avenue, Richton Park, IL 60471

$90,000

0.85 AC lot

Two-story brick office building on a nearly-acre corner site with substantial onsite parking and strong street visibility.

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Commercial Storefront on Sauk Trail

3911 Sauk Trail, Richton Park, IL 60471

$600,000

8,467 sqft · 0.70 AC lot

Four-unit commercial storefront with high traffic and diverse potential uses.

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Matteson Workshop with Office Space

21622 Oak St, Matteson, IL 60443

$145,900

832 sqft · 0.14 AC lot

Versatile workshop with office, storage, and bathroom in Matteson.

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Vacant Lot in Matteson

4300 DAVIS Street, Matteson, IL 60443

$35,000

0.64 AC lot

Vacant lot available for development in Matteson, Illinois.

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Off-Market Properties in University Park, IL

Consider similar Off-Market properties in University Park, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

COMMERCIAL (GENERAL)

2600 Bond St, University Park, IL 60484-3161

$3,250,000

Estimated value

22.73 AC lot

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INDUSTRIAL (GENERAL)

2551 Western Ave, Park Forest, IL 60466-1411

Value Estimation by Request

0.54 AC lot

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INDUSTRIAL (GENERAL)

200 Applied Pkwy, University Park, IL 60484-4110

$2,750,000

Estimated value

42.69 AC lot

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INDUSTRIAL - VACANT LAND

200 Applied Pkwy, University Park, IL 60484-4110

$2,995,000

Estimated value

10.47 AC lot

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COMMERCIAL (GENERAL)

226 Monee Rd, Park Forest, IL 60466-2422

Value Estimation by Request

7,424 sqft · 1.35 AC lot

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VACANT COMMERCIAL LAND

Monee Rd, Park Forest, IL 60466

Value Estimation by Request

1.20 AC lot

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COMMERCIAL (GENERAL)

517 University Pkwy, University Park, IL 60484-2714

$520,000

Estimated value

12,328 sqft · 1.15 AC lot

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COMMERCIAL (GENERAL)

2330 Horner Ave, University Park, IL 60484-3112

$1,090,000

Estimated value

24,109 sqft · 1.58 AC lot

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VACANT COMMERCIAL LAND

Hamilton Ave, University Park, IL 60484

$900,000

Estimated value

7.64 AC lot

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COMMERCIAL (GENERAL)

2500 Bond St, University Park, IL 60484-3100

$1,130,000

Estimated value

62,435 sqft · 0.93 AC lot

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INDUSTRIAL (GENERAL)

500 Central Ave, University Park, IL 60484-3147

$10,850,000

Estimated value

112,500 sqft · 11.91 AC lot

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COMMERCIAL (GENERAL)

226 Monee Rd, Park Forest, IL 60466-2422

Value Estimation by Request

6,424 sqft · 1.12 AC lot

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COMMERCIAL (GENERAL)

2660 Bond St, University Park, IL 60484-3106

$860,000

Estimated value

8,856 sqft · 2.08 AC lot

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COMMERCIAL (GENERAL)

Wolpers Rd, University Park, IL 60484

Value Estimation by Request

1.00 AC lot

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VACANT COMMERCIAL LAND

Kedzie Ave, University Park, IL 60484

Value Estimation by Request

4.09 AC lot

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University Park, IL Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in University Park, IL, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 148,800 square feet of properties for sale, with an estimated market value of $9,750,000.

Sale prices for business properties in University Park, IL start at $1,500,000, averaging $3,250,000, and reaching up to $6,750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 28K

Population Growth (5Y) -1.7%

Median Household Income $63,409

College Educated 36.1%

High-Yield Neighborhoods for Investment

Identify University Park submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
Park Forest	$1.5M
University Park	$6M

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Cook County

New Delisted

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University Park, IL Commercial Real Estate for Sale

49-59 North Street, Park Forest, IL 60466

University Park, IL

SEC of Stuenkel Rd. and Central Ave., University Park, IL 60484

24341 Western Avenue, University Park, IL 60466

500 Crossing Dr, University Park, IL

2355 Bond St, University Park, IL

Lot 1 West Stuenkel Road, University Park, IL 60484

SEC of W Stuenkel Rd, University Park, IL 60484

46-48 W South St, Park Forest, IL 60466

Opportunities in Nearby Cities

23060 Cicero Avenue, Richton Park, IL 60471

3911 Sauk Trail, Richton Park, IL 60471

21622 Oak St, Matteson, IL 60443

4300 DAVIS Street, Matteson, IL 60443

Off-Market Properties in University Park, IL

2600 Bond St, University Park, IL 60484-3161

2551 Western Ave, Park Forest, IL 60466-1411

200 Applied Pkwy, University Park, IL 60484-4110

200 Applied Pkwy, University Park, IL 60484-4110

226 Monee Rd, Park Forest, IL 60466-2422

Monee Rd, Park Forest, IL 60466

517 University Pkwy, University Park, IL 60484-2714

2330 Horner Ave, University Park, IL 60484-3112

Hamilton Ave, University Park, IL 60484

2500 Bond St, University Park, IL 60484-3100

500 Central Ave, University Park, IL 60484-3147

226 Monee Rd, Park Forest, IL 60466-2422

2660 Bond St, University Park, IL 60484-3106

Wolpers Rd, University Park, IL 60484

Kedzie Ave, University Park, IL 60484

University Park, IL Commercial Real Estate Market Trends and Statistics

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

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