Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2925 Dartmouth Lane Olympia Fields, IL 60461

    View on Map
    For Sale
    Under Contract
    $70,000

    LAND - Olympia Fields, IL

    Lot size:
    0.34 Acres
    Added:
    Jan 15, 2025
    Days on Market:
    441
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for 2925 Dartmouth Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    31241010170000
    Lot size
    0.34 Acres

    Taxes and HOA fees

    TaxYear
    2023
    TaxAnnualAmount
    3590

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Heather Hinton

    Listing agent Heather Hinton License #475200189

    Listing office eXp Realty 939 W. North Avenue, # 750, Chicago, IL

    Listing date Jan 15, 2025

    MLS# 12270974 Listing URL

    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.

    Overview

    Residential Land with Golf Views

    This 0.34-acre residential land parcel in Olympia Fields, Illinois, offers golf course views and is suitable for new construction. Utilities, including electric, gas, water, and cable, are available at the site. An adjacent lot is also available, offering the potential to combine for a total of nearly three-quarters of an acre.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Olympia Fields
    County
    Cook
    State
    Illinois
    Longitude
    -87.687431
    Latitude
    41.512689

    Nearby Similar for Sale

    • $125,000

      Prime Commercial Land Opportunity

      1.05-acre commercial parcel in high-traffic area, ready for development.
      20920 Governors Highway, Olympia Fields, IL 60461
      View Details
    • $998,800
      137,214 SF

      Cook County Land Opportunity

      10.5-acre land offering for storage development in Cook County.
      21000 Olympian Way, Olympia Fields , IL 60461
      View Details
    • $8,200,000

      Olympia Square Shopping Center Opportunity

      Prime retail opportunity in Olympia Fields, Illinois for sale.
      3490 Vollmer Rd, Olympia Fields, IL 60461
      View Details
    • $170,000

      Olympia Fields Land for Sale

      3.114 acres of entitled land for 6 duplexes in Olympia Fields.
      20001 Arquilla Circle, Olympia Fields, IL 60461
      View Details
    • $998,800
      137,214 SF

      Olympia Fields Land Opportunity

      10.5-acre land offering in Cook County, Illinois.
      21000 Olympian Way, Olympia Fields , IL 60461
      View Details
    • $6,327,000
      13,225 SF

      Olympia Fields Retail Opportunity

      Retail space available in Olympia Fields, Illinois.
      3400 Lincoln Hwy, Olympia Fields, IL 60461
      View Details
    • $998,800

      7.13 Acres Cook County Land

      7.13 acres in Cook County ideal for self-storage development.
      21000 Olympian Way, Olympia Fields, IL 60461
      View Details
    • $998,800

      7.13 Acres Cook County Land

      7.13 acres in Cook County ideal for self-storage development.
      21000 Olympian Way, Olympia Fields, IL 60461
      View Details
    • $998,800

      7.13 Acres Cook County Land

      7.13 acres in Cook County, ideal for storage development.
      21000 Olympian Way, Olympia Fields, IL 60461
      View Details
    • $70,000

      Residential Land with Golf Course Views

      Residential land for new construction with utilities on site.
      2935 Dartmouth Lane, Olympia Fields, IL 60461
      View Details
    • $625,000
      5,560 SF

      Olympia Fields Bank Building

      Single-tenant bank building with redevelopment potential on 1.86 acres.
      20900 Western Ave, Olympia Fields, IL 60461
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land for new construction with utilities on site.
    Where is this residential land & home lot located?
    The property is located at 2925 Dartmouth Lane Olympia Fields, IL.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: Golf course views; Utilities at site (electric, gas, water, cable); Ready for new residential construction
    (888) 574-9405
    We can help!
    Listing Contact
    Heather Hinton
    Real Estate License ID: 475200189
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!