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Commercial Land Near Lakewood Park
For Sale
$299,900

121 W ASHLAND Street, Morton, IL 61550

Commercial Sale, Morton, IL

Property SizeContact for details
Lot Size1.00 Acre
Days on Market339

Property Features for 121 W ASHLAND Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning B3
Lot features Level
Directions Morton Ave to Ashland
Standard status Active
APN 06-06-17-203-002
Lot size 1.00 Acre

Taxes and HOA fees

Tax Year 2024
Tax Description SEC 17 T25N R3W JEFF GREEN MEMORIAL SUB LOT 2 NE 1/4 2.45 AC
Tax Annual Amount 5220
Legal Description SEC 17 T25N R3W JEFF GREEN MEMORIAL SUB LOT 2 NE 1/4 2.45 AC

Utilities

Sewer type Public Sewer
Listing Agency: Sunflower Real Estate Group, LLC
Listed By: Courtni Bean · License #475169483
Added: Oct 23, 2025 Changed: Aug 19 Last Checked: Sep 26 at 3:06PM
MLS# PA1261833

Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This one-acre commercial land parcel is zoned B3, a general commercial designation, and is served by public sewer. The property is positioned beside Lakewood Park and its pond, providing a defined recreational setting within a commercial area.

The site is near the I-74 interstate exit serving Morton and is surrounded by established commercial businesses, including Dunkin’, Enterprise Truck Rental, Best Western/Morton Inn, Taco Bell, and Circle K. Its location places the parcel within an active retail and service corridor with convenient access to nearby commercial destinations.

Key Highlights

  • 1‑acre commercial land parcel
  • B3 zoning for general commercial use
  • Public sewer service

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store Garden Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

350
Businesses Nearby

Demographics for 61550, IL

18,488
Population
8,053
Households
2.3
Avg Household Size
42
Median Age
40%
College-Educated
97%
High-School Grad
41.2 sq mi
ZIP Area
449
Density / Sq Mi
$92,269
Median Household Income
$48,692
Median Earnings
$1,001
Median Rent
$247,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - One-acre commercial parcel with B3 zoning and public sewer service near established retail and hospitality businesses.
Where is this commercial land located?
The property is located at 121 W ASHLAND Street Morton, IL.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1‑acre commercial land parcel; B3 zoning for general commercial use; Public sewer service
More about this property
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