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    500 Crossing Dr University Park, IL 60484

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    For Sale
    $5,995,000

    Land available near I-57 interchange with water and sewer access.

    Lot size:
    55.64 Acres

    Property Features for 500 Crossing Dr

    General Information

    Lot size
    55.64 Acres

    Source: SVN | Chicago - Corporate Agent Nicholas Manganais

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

    Overview

    Land Near I-57 Interchange

    This property is land located just east of the new I-57 interchange with Stunkel Road. It features four-way corner interchange locations and access to water and sewer along both Stunkel Road and Central Avenue. The property is situated in a major industrial park known as Commerce Center UP. Additionally, approximately 10 acres at the southeast corner have been sold to a national gas and diesel service station chain.
    Insight Report Location Intelligence

    Current Use by Public Records

    LGG Industrial Industrial Equipment Supplier Omar Medical & Industrial ... Medical Supply Store LEGRAND AVD Manufacturer

    Suggested Use

    Realty agency Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Kitchen & Bath Storage Facility Bar & Pub Daycare Center Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    University Park
    County
    Will
    State
    Illinois
    Longitude
    -87.739076
    Latitude
    41.453048

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    FAQs

    What type of property is this?
    Land - Land available near I-57 interchange with water and sewer access.
    Where is this land located?
    The property is located at 500 Crossing Dr University Park, IL.
    What is the asking price?
    The asking price for this property is $5,995,000.
    What are key features of this property?
    This property features: - Located at a four-way corner interchange on I-57 and Stunkel Road.; - Water and sewer access along the property on both Stunkel and Central.; - Situated in the Commerce Center UP, a major industrial park.
    (708) 205-5383
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    500 Crossing Dr University Park, IL 60484
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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
    500 Crossing Dr University Park, IL 60484
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