Prime Commercial Land
For Sale
$125,000
20920 Governors Highway, Olympia Fields, IL 60461
LAND - Olympia Fields, IL
Days on Market204
Property Features for 20920 Governors Highway
General Information
Property type
Land
Property subtype
Other
Zoning
COMMR
Elementary school district
162
Middle school district
162
High school district
227
Directions
From I57, exit onto Governors Hwy. Proceed east on Governors Hwy for approximately 0.5 miles. The vacant lot is located on the 20920 block.
Subdivision
Olympia Fields
Special listing conditions
In Foreclosure
Standard status
Active
APN
31231050160000
Taxes and HOA fees
Tax Year
2023
Listing Agency:
MoHall Commercial & Urban Development
(312) 826-9925
Listed By:
Moses Hall · License #471019687
(312) 826-9925
Added: Jan 7
Changed: Apr 15
Last Checked: Jul 30 at 8:06PM
MLS# 12542268
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 20920 Governors Highway, Olympia Fields, IL, this 1.05-acre commercial parcel presents a development opportunity. Zoned B-3 General Retail and Limited Service District, the site is suitable for various commercial developments, including retail centers, financial institutions, medical offices, quick-service restaurants, and mixed-use projects. The property benefits from a high-traffic corridor with 18,667 vehicles passing daily, offering visibility and accessibility. Situated between Walgreens and Gordon Food Services, the property includes cross-access easements. The flat, cleared lot is improved with water, sewer, electricity, and gas. The property has frontage along Governors Highway and easy ingress and egress. The location benefits from local demographics, with 7,697 residents within a one-mile radius and a median household income of 73,302, along with a daytime workforce of over 5,000 employees. The B-3 zoning is suitable for national retailers, medical facilities, professional office buildings, restaurants, and service-oriented businesses. This site is located in a growing commercial area and is suited for developers seeking a high-exposure, investment-ready site.
Key Highlights
- Prime 1.05‑acre commercial parcel zoned B‑3, suitable for diverse developments.
- High‑traffic location on Governors Highway with 18,667 vehicles passing daily, ensuring excellent visibility.
- Shovel‑ready site with all utilities fully improved for immediate development.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,190
Businesses Nearby
Explore this area
Business Placement
Demographics for 60461, IL
4,785
Population
2,034
Households
2.4
Avg Household Size
54
Median Age
49%
College-Educated
97%
High-School Grad
3.4 sq mi
ZIP Area
1,407
Density / Sq Mi
$108,203
Median Household Income
$59,914
Median Earnings
$3,501
Median Rent
$289,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 1.05-acre commercial parcel in high-traffic area, ready for development.
Where is this commercial land located?
The property is located at 20920 Governors Highway Olympia Fields, IL.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Prime 1.05‑acre commercial parcel zoned B‑3, suitable for diverse developments.; High‑traffic location on Governors Highway with 18,667 vehicles passing daily, ensuring excellent visibility.; Shovel‑ready site with all utilities fully improved for immediate development.
