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    323 Oak Ridge Ave Hillside, IL 60162

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    For Sale
    $995,000

    1.43 acres zoned R-4, redevelopment opportunity near Roosevelt Rd.

    Lot size:
    1.43 Acres

    Property Features for 323 Oak Ridge Ave

    General Information

    Lot size
    1.43 Acres

    Source: Jameson Commercial Agent Jason P. Hiller

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Redevelopment Opportunity in Quiet Neighborhood

    This property presents a redevelopment opportunity with a 20,482 square foot, soon-to-be-closed 73-bed nursing home. Situated on 1.43 acres, the site is zoned R-4. The property is located in a quiet neighborhood west of the city, just off Roosevelt Road on a quiet street.
    Insight Report Location Intelligence

    Current Use by Public Records

    Oakridge Healthcare Center Nursing Home Aperion Care Hillside Nursing Home Samir Bhalla Geriatrician Muhammad Haque Physiatrist Muhammad Shamimul Haque Sports Medicine Physician

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hillside
    County
    Cook
    State
    Illinois
    Longitude
    -87.8877808
    Latitude
    41.8648138

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    FAQs

    What type of property is this?
    Land - 1.43 acres zoned R-4, redevelopment opportunity near Roosevelt Rd.
    Where is this land located?
    The property is located at 323 Oak Ridge Ave Hillside, IL.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Redevelopment opportunity of a 20,482 sqft building; - Large 1.43 acre lot offers many possibilities; - Zoned R-4
    (773) 412-3899
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    323 Oak Ridge Ave Hillside, IL 60162
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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
    323 Oak Ridge Ave Hillside, IL 60162
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