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    7801 W 111Th St Palos Hills, IL 60465

    For Sale
    $960,000

    Land - Palos Hills, IL

    Lot size:
    2.10 Acres
    Days on Market:
    117
    Last Refresh:
    Dec 14 at 6:06 pm

    Property Features for 7801 W 111Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    SINGL
    APN
    23241001510000
    Lot size
    2.10 Acres

    Building Details

    Architectural style
    Other

    Prospect Equities (312) 656-3215 [email protected]

    Listing agent Stan Latek (312) 202-0006 License #475154432

    Listing date Aug 20, 2025

    MLS# 12450843 Listing URL

    Copyright © 2025 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

    Palos Hills Vacant Land Opportunity

    This property features 2.1 acres of vacant land, presenting a development opportunity near Palos Hills' busiest intersection. The site is large enough to accommodate a strip center on the front 151 feet, with potential for a secondary project or townhomes on the back west end. It is suitable for a major fast food franchise requiring ample parking, or a 20+ unit townhome development. Currently, there are two homes on the land generating income. The property is located down the street from Moraine Valley Community College and STAGG High School. The zoning is SINGL. It is identified by two PIN numbers: 23-24-100-151 and 23-24-100-152.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Palos Hills
    County
    Cook
    State
    Illinois
    Longitude
    -87.8118265
    Latitude
    41.6892136

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    FAQs

    What type of property is this?
    Commercial land - 2.1 acres suitable for retail or residential development.
    Where is this commercial land located?
    The property is located at 7801 W 111Th St Palos Hills, IL.
    What is the asking price?
    The asking price for this property is $960,000.
    What are key features of this property?
    This property features: - 2.1 acres of vacant land suitable for development.; - Potential for a strip center, fast food franchise, or 20+ unit townhome development.; - Located near Palos Hills' busiest intersection.
    (312) 202-0006
    Request Owner's contact information
    7801 W 111Th St Palos Hills, IL 60465
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    Palos Hills, IL 60465
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    Realmo Value Estimation

    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.

    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.

    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
    7801 W 111Th St Palos Hills, IL 60465
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