Vacant Land Near Dan
For Sale
$500,000
440 W 87th Street, Chicago, IL 60620
Undeveloped land near commercial corridor with expressway access.
Property SizeContact for details
Lot Size2.00 Acres
Days on Market183
Property Features for 440 W 87th Street
General Information
Standard status
Active
Lot size
2.00 Acres
Property subtype
Unimproved Land
Amenities
(verify)
Listing Agency:
Baird & Warner
Listed By:
Ayanna Lee
(312) 640-7010
Source:
Kw
Added: Mar 5
Changed: Aug 23
Last Checked: Sep 3 at 5:00AM
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 Baird & Warner
Investment Insights
Based on property information with market context.
This is a rare opportunity to acquire nearly two acres of vacant, undeveloped land. The property is positioned just off a strong commercial corridor and has convenient access to the Dan Ryan Expressway. Zoned M1-2, the site allows for a wide range of light industrial and limited commercial uses, including warehousing, distribution, and light manufacturing. The property also presents a compelling redevelopment opportunity for mixed-use or residential development, offering the potential to expand commercial activity from the 87th Street Dan Ryan node while serving surrounding neighborhoods. This infill site is ideal for investors, developers, or owner-users seeking a well-located property with strong long-term upside.
Key Highlights
- Nearly two acres of vacant, undeveloped land.
- Zoned M1‑2 allowing for light industrial and limited commercial uses (warehousing, distribution, light manufacturing).
- Redevelopment opportunity for mixed‑use or residential development.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
836
Businesses Nearby
Explore this area
Business Placement
Demographics for 60620, IL
66,514
Population
30,008
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
88%
High-School Grad
7.0 sq mi
ZIP Area
9,502
Density / Sq Mi
$48,805
Median Household Income
$36,285
Median Earnings
$1,093
Median Rent
$187,900
Median Home Value
Market
Vacancy Rate% for Industrial in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial land - Undeveloped land near commercial corridor with expressway access.
Where is this industrial land located?
The property is located at 440 W 87th Street Chicago, IL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Nearly two acres of vacant, undeveloped land.; Zoned M1‑2 allowing for light industrial and limited commercial uses (warehousing, distribution, light manufacturing).; Redevelopment opportunity for mixed‑use or residential development.
