Listing Agency: CBRE | Chicago j***@cbre.com Show Phone

Listed By: Jason Lev Show Phone

Source: Cbre

Added: Mar 25 Changed: Aug 13 Last Checked: Aug 19 at 5:37AM

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Investment Insights

Based on property information with market context.

A 1.15-acre industrial land parcel is available for sale. The site is located at the southwest corner of Armitage Avenue and George Street. Zoned G-Industrial, the secure, gated site features remote access. It can accommodate outside storage, trailer parking, a contractor's yard, and equipment storage. The property is near I-88, I-290, I-294, O'Hare Airport, and the Global II UP Intermodal.

Key Highlights

• Excellent location on the SWC of Armitage Ave and George St.
• Large 1.15 acre land size.
• G‑Industrial zoning.

Property Analytics

Property Profile

Current Use

Industrial land

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Law Firm Hair Salon Hotel & Motel Skin Care Clinic

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

Location Intelligence

Trade Area within ½ mile

1,235

Businesses Nearby

Explore this area Business Placement

Demographics for 60160, IL

24,776

Population

8,947

Households

2.8

Avg Household Size

35

Median Age

15%

College-Educated

71%

High-School Grad

4.6 sq mi

ZIP Area

5,386

Density / Sq Mi

$64,740

Median Household Income

$39,722

Median Earnings

$1,194

Median Rent

$265,000

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Industrial land - 1.15 acre industrial land available for sale.

Where is this industrial land located?

The property is located at 2050 George Street Melrose Park, IL.

What are key features of this property?

This property features: Excellent location on the SWC of Armitage Ave and George St.; Large 1.15 acre land size.; G‑Industrial zoning.