Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3601-3611 W Lincoln Hwy Matteson, IL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land with high traffic, development potential, near Metra station.

    Type:LAND
    Lot size:
    0.86 Acres
    Added:
    Mar 17, 2025
    Days on Market:
    404
    Last Refresh:
    Apr 5 at 11:07 pm

    Property Features for 3601-3611 W Lincoln Hwy

    General Information

    Standard status
    Active
    Lot size
    0.86 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Neil Haleem
    Neil Haleem

    Listing agent Neil Haleem License #471010714

    Listing office Network Commercial Real Estate

    Listing date Mar 17, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Network Commercial Real Estate

    Overview

    Commercial Land at Signalized Intersection

    This commercial land is situated at a 4-way signalized intersection with high traffic counts of approximately 39,000 vehicles per day. The property benefits from a densely populated surrounding area and is located one block west of the Metra Train Station. Featuring 300 feet of frontage on Route 30, the site is zoned C-5, allowing for many development possibilities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Matteson
    County
    Cook
    State
    Illinois
    Longitude
    -87.7038
    Latitude
    41.5058

    Nearby Similar for Sale

    • $515,000

      Versatile Commercial Space on Corner Lot

      Adaptable commercial space with high visibility and accessibility.
      6363 W Lincoln Highway, Matteson, IL 60443
      View Details
    • $515,000

      Versatile Commercial Space on Corner

      Adaptable commercial space with high visibility and accessibility.
      6363 W Lincoln Highway, Matteson, IL 60443
      View Details
    • $350,000

      Matteson Duplex on Large Lot

      Remodeled duplex with rental income potential near schools and Metra.
      21331 Illinois Street, Matteson, IL 60443
      View Details
    • $200,000
      2,480 SF

      Historic Landmark Office Building

      1875 landmark property, ideal for professional office use.
      3624 216th Street, Matteson, IL 60443
      View Details
    • $200,000
      2,480 SF

      Historic Matteson Landmark Office Building

      Historic 2,480 SF office building on 12,000 SF lot.
      3624 216th Street, Matteson, IL 60443
      View Details
    • $450,000

      Prime Commercial Land on Route 30

      37,386 SF site ideal for retail or office development.
      3601 W Lincoln Highway, Matteson, IL 60443
      View Details
    • $775,000
      7,731 SF

      Commercial/Industrial

      300 Town Center Road, Matteson, IL 60443
      View Details
    • $469,000
      22,523 SF

      Matteson Multi-Tenant Office Building

      Multi-tenant office building on 2.62 acres in Matteson, IL.
      21141 Governors Highway, Matteson, IL 60443
      View Details
    • $695,000

      Established Day Care Opportunity

      Day care business, building, and lots for sale.
      3535 W LINCOLN Highway, Matteson, IL 60443
      View Details
    • $129,900

      Matteson Land Development Opportunity

      Prime land opportunity in Matteson near amenities and transportation.
      6508 Fawn Court lot: 53,54,55,56,57, Matteson, IL 60443
      View Details
    • $35,000

      Vacant Lot in Matteson

      Vacant lot available for development in Matteson, Illinois.
      4300 DAVIS Street, Matteson, IL 60443
      View Details
    • $469,000

      Commercial

      21141 Governors Highway, Matteson, IL 60443
      View Details

    FAQs

    What type of property is this?
    Land - Land with high traffic, development potential, near Metra station.
    Where is this land located?
    The property is located at 3601-3611 W Lincoln Hwy Matteson, IL.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: High traffic counts of approximately 39,000 vehicles per day.; Located at a 4‑way signalized intersection.; 300 ft frontage on Route 30.
    (708) 927-8000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Neil Haleem
    Neil Haleem
    Real Estate License ID: 471010714
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!