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    NW 159Th St Homer Glen, IL 60491

    For Sale
    $2,999,999

    Land - Homer Glen, IL

    Lot size:
    5.59 Acres
    Days on Market:
    120
    Last Refresh:
    Dec 10 at 6:06 am

    Property Features for NW 159Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    AGRIC
    APN
    1605154000250000
    Lot size
    5.59 Acres

    Building Details

    Architectural style
    Other

    Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell) (815) 553-2406 [email protected]

    Listing agent Bonnie Willis (815) 553-2406 License #475157605

    Listing date Aug 13, 2025

    MLS# 12445910 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

    Homer Glen Commercial Land

    This 5.59-acre commercial land is located at the northwest corner of West 159th Street and Parker Road in Homer Glen, Illinois. The property offers high visibility on a prime signalized corner and frontage access on both Parker Road and 159th Street. Situated minutes from I-355 and located on the expanded four-lane 159th Street highway, the site is an attractive location for commercial development, including restaurants or other similar developments. The area is experiencing new residential growth and business development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Homer Glen
    County
    Will
    State
    Illinois
    Longitude
    -87.9655434
    Latitude
    41.5995339

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    FAQs

    What type of property is this?
    Commercial land - High-visibility corner lot suitable for commercial development in Homer Glen.
    Where is this commercial land located?
    The property is located at NW 159Th St Homer Glen, IL.
    What is the asking price?
    The asking price for this property is $2,999,999.
    What are key features of this property?
    This property features: - High visibility corner location at the intersection of 159th Street and Parker Road.; - Prime location for commercial development, suitable for restaurants and similar businesses.; - Frontage access on both Parker Road and 159th Street.
    (815) 553-2406
    Request Owner's contact information
    NW 159Th St Homer Glen, IL 60491
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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
    NW 159Th St Homer Glen, IL 60491
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