Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Bridgeview Commercial Development Opportunity Title is generated by Realmo AI

    7200 S Harlem Avenue, Bridgeview, IL 60455

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,250,000

    LAND - Bridgeview, IL

    Lot size:
    2.38 Acres
    Added:
    Feb 26, 2026
    Days on Market:
    77
    Last Refresh:
    May 14 at 2:06 pm

    Property Features for 7200 S Harlem Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    COMMR
    Standard status
    Active
    APN
    18252100410000
    Lot size
    2.38 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    43812

    Utilities

    Utilities
    Natural Gas Available

    We can help!

    Listing Contact
    Ameer Asmar

    Listing agent Ameer Asmar

    Listing office Realty One Group Heartland 13161 W. 143rd St. #201, Tinley Park, IL

    Listing date Feb 26, 2026

    MLS# 12578747 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 2.38 acre prime Bridgeview lot
    • Commercial zoning
    • High traffic counts for maximum visibility
    • Commercial development opportunity
    • Just 2 blocks from Seatgeek Stadium
    • Natural gas available

    Overview

    A commercial development opportunity is available in Bridgeview, Illinois. The property, located at 7200 S Harlem Avenue, Bridgeview, IL 60455, consists of a 2.38-acre lot zoned for commercial use. It is situated two blocks away from Seatgeek Stadium and benefits from high traffic counts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeview
    County
    Cook
    State
    Illinois
    Longitude
    -87.800736
    Latitude
    41.760611

    Nearby Similar for Sale

    • $1,555,000

      Truck Shop with Parking

      Truck shop for sale with 20 parking spaces.
      9010 Beloit Avenue, Bridgeview, IL 60455
      View Details
    • $780,000
      5,675 SF

      Freestanding Building with Office/Warehouse Space

      Versatile building suitable for office, medical, or warehouse uses.
      7845 W 79th Street W, Bridgeview, IL 60455
      View Details
    • $780,000
      5,675 SF

      Freestanding Office Building with Warehouse

      Freestanding office building with warehouse space and ample parking.
      7845 W 79th Street W, Bridgeview, IL 60455
      View Details
    • $1,195,000
      7,500 SF

      Bridgeview Industrial Building For Sale

      7500 SF industrial building with excellent highway access.
      7651 W 100th Place, Bridgeview, IL 60455
      View Details
    • $780,000
      5,675 SF

      Freestanding Building with Office/Warehouse Space

      5,675 SF building suitable for office, medical, or warehouse use.
      7845 W 79th Street W, Bridgeview, IL 60455
      View Details
    • $4,000,000

      Bridgeview Industrial Lot For Sale

      4.2 acre industrial lot in prime Bridgeview location.
      9901 S 76th Avenue, Bridgeview, IL 60455
      View Details
    • $1,599,000

      Commercial Property in Bridgeview, IL

      Commercial property for sale in Bridgeview, Illinois.
      8424 S 77th Avenue, Bridgeview, IL 60455
      View Details
    • $1,555,000

      Truck Shop with Parking

      Operating truck shop with parking and trucking license included.
      9010 Beloit Avenue A, Bridgeview, IL 60455
      View Details
    • $4,000,000

      4.2 Acre Industrial Development Site

      Prime industrial development site in Bridgeview, Illinois, for sale.
      9901 S 76th Ave, Bridgeview, IL 60455
      View Details
    • $2,300,000

      Bridgeview Industrial Property for Sale

      Industrial property in Bridgeview, Illinois, available for sale.
      9801 South Industrial Drive, Bridgeview, IL 60455
      View Details
    • $365,000
      2,600 SF

      Bridgeview Warehouse For Sale

      2,600 square foot warehouse property in Bridgeview, Illinois.
      8630 S 77th Ave, Bridgeview, IL
      View Details
    • $1,795,000

      Turn-Key Nursery on 2.29 Acres

      Rare opportunity: nursery, investment, or redevelopment on 2.29 acres.
      7117 S Roberts Road, Bridgeview, IL 60455
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.38 acres of commercial land for sale in Bridgeview.
    Where is this commercial land located?
    The property is located at 7200 S Harlem Avenue Bridgeview, IL.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: 2.38 acre prime Bridgeview lot; Commercial zoning; High traffic counts for maximum visibility
    (708) 678-1000
    We can help!
    Listing Contact
    Ameer Asmar
    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

    Thank You for Inquiry
    7200 S Harlem Avenue, Bridgeview, IL 60455
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!