Sign Up Successful!
You now have access to more from Realmo!
    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

    175Th St Hazel Crest, IL 60429

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime 18-acre commercial lot in Hazel Crest, IL.

    Property Features for 0 175Th St

    General Information

    Property type
    Land
    Lot Size
    784,080 SF

    We can help!

    Listing Contact
    Daniel Mckay
    Daniel Mckay

    Listing Agency: McKay Investment Realty Listing Agent: Daniel Mckay

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

    Learn more

    Overview

    This exceptional 18-acre commercial land parcel presents a unique investment opportunity in the thriving Hazel Crest, Illinois market. Located at the intersection of 175th and 177th Streets, this property boasts significant frontage and convenient access to major transportation arteries. Its R-1 zoning, which permits commercial uses, opens the door to a wide range of development possibilities. The site's proximity to I-294, I-80, and I-57 ensures excellent connectivity and accessibility for businesses and residents alike. Potential uses are diverse and include residential, warehouse, industrial, retail, office, medical, senior housing, and entertainment facilities. This is the largest available parcel in Hazel Crest, making it an ideal location for a significant development project. The property's size and strategic location offer substantial potential for long-term growth and return on investment. Serious inquiries are encouraged to explore the full potential of this remarkable opportunity. The Cook County location and 60429 zip code further enhance its appeal. This is a rare chance to acquire a substantial land holding in a rapidly developing area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hazel Crest
    County
    Cook
    State
    Illinois
    Longitude
    -87.6990934
    Latitude
    41.5680787

    Nearby Similar for Sale

    • $200,000
      1,050 SF

      Turnkey Medical Office Opportunity

      Move-in ready medical office with furniture included.
      3330 W 177Th St, Hazel Crest, IL 60429
      View Details
    • $400,000
      6.81 Acres

      Medical Office Condo Near Hospital

      Medical office condo with separate entry near Advocate South Hospital.
      3330 W 177Th St, Hazel Crest, IL 60429
      View Details
    • $30,000
      0.06 Acres

      Hazel Crest Commercial Opportunity

      Commercial property in Hazel Crest, IL, ready for renovation.
      1739 W 170Th St, Hazel Crest, IL 60429
      View Details
    • $30,000
      0.06 Acres

      Hazel Crest Retail Opportunity

      2,500 sq. ft. commercial retail property in Hazel Crest, IL.
      1735 170Th St, Hazel Crest, IL 60429
      View Details
    • Contact for pricing
      1,350 SF

      Luxury Condo in Adult Community

      Renovated 2-bedroom, 2-bath condo in Hazel Crest's Waters Edge.
      3505 Lakeview Dr, Hazel Crest, IL 60429
      View Details
    • $900,000
      13,250 SF

      Hazel Crest Grocery Store Investment

      High-traffic grocery store, excellent ROI.
      3500 183Rd St, Hazel Crest, IL 60429
      View Details
    • $240,000

      Move-in Ready Home with Amenities

      3 bed, 2.5 bath home in Homewood Flossmoor school district.
      18650 Golfview Dr, Hazel Crest, IL 60429
      View Details
    • Contact for pricing
      13,250 SF

      Retail Property on 1.84 Acres

      13,250 SF retail building on 1.84 acres for sale.
      3500 W 183Rd St, Hazel Crest, IL 60429
      View Details
    • $2,450,000
      8,068 SF

      17499 Dixie Hwy

      Lifestyle centers • 8,068 SF
      17499 Dixie Hwy, Hazel Crest, IL 60429
      View Details

    FAQs

    What type of property is this?
    Land - Prime 18-acre commercial lot in Hazel Crest, IL.
    Where is this land located?
    The property is located at 175Th St Hazel Crest, IL.
    What is the asking price?
    The asking price for this property is $1,555,000.
    What are key features of this property?
    This property features: 18-acre commercial land parcel, largest available in Hazel Crest.; R-1 zoning allows for commercial development.; Prime location at 175th and 177th Streets with excellent street frontage and access.
    (630) 990-2133 Call to check price and availability
    Request Owner's contact information
    175Th St Hazel Crest, IL 60429
    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.
    175Th St
    Hazel Crest, IL 60429
    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
    175Th St Hazel Crest, IL 60429
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Daniel Mckay
    Daniel Mckay
    Real Estate License ID: 471016875
    (630) 990-2133
    Learn more
    Google sign-in failed. Please try again or use another login method.