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    3722 W 139th Pl Robbins, IL 60472

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    For Sale
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    3,125 sq ft vacant lot near transportation and amenities.

    Type:Land
    Lot size:
    0.07 Acres
    Added:
    Sep 5, 2024
    Days on Market:
    596
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 3722 W 139th Pl

    General Information

    Standard status
    Active
    Lot size
    0.07 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Moses Hall

    Listing agent Moses Hall License #IL 471019687

    Listing office MoHall Commercial & Urban Development

    Listing date Sep 5, 2024

    Source Crexi

    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 MoHall Commercial & Urban Development

    Overview

    Vacant Lot in Robbins, IL

    This vacant lot, located in Robbins, IL, offers significant potential for real estate developers and builders. The property spans 3,125 square feet and is positioned 0.9 miles from the RI Rock Island rail line and within walking distance of bus routes 359 and 385, providing convenient access to Chicago. Its location near I-57 and I-294 enhances its appeal for both residential and commercial projects. The local government's pro-development stance, nearby commercial corridors, and proximity to essential amenities such as schools, parks, and shopping contribute to the land's attractiveness. This vacant lot offers a blank canvas for bringing development visions to life, with flexible zoning and a supportive community. The property is suited for residential, commercial, or mixed-use developments.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Robbins
    County
    Cook
    State
    Illinois
    Longitude
    -87.7122522
    Latitude
    41.63956

    Nearby Similar for Sale

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      Residential Land in Robbins, IL

      Vacant 5444 sq ft lot in Robbins, IL.
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    • $1,245,000
      8,320 SF

      Free-Standing Dollar Tree Store

      Single tenant Dollar Tree in Robbins, Illinois for sale.
      13845 S Claire Blvd , Robbins, IL 60472
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    • $60,000

      Land For Sale, Robbins, IL

      Commercial land available for purchase in Robbins, Illinois.
      3744 W 137th Street, Robbins, IL 60472
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    FAQs

    What type of property is this?
    Commercial land - 3,125 sq ft vacant lot near transportation and amenities.
    Where is this commercial land located?
    The property is located at 3722 W 139th Pl Robbins, IL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Prime 3,125 sq ft vacant lot offering diverse development opportunities; Strategic location with easy access to Chicago via the RI Rock Island rail line and bus routes 359 and 385; Excellent connectivity via I‑57 and I‑294, suitable for residential and commercial projects
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Moses Hall
    Real Estate License ID: IL 471019687
    Learn More
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    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
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