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    11201 Archer Ave Lemont, IL 60439

    Sponsored
    For Sale
    $750,000

    Prime Commercial Corner Lot, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.2-acre vacant parcel presents a remarkable commercial investment opportunity in Lemont, Illinois. Located at the southwest corner of Archer Avenue and Bell Road, this property boasts a highly visible location at a lighted, high-traffic intersection. According to the Illinois Department of Transportation (IDOT), this site sees over 23,000 vehicles daily, ensuring maximum exposure for any commercial development. The property is zoned B-3, offering a wide range of permitted commercial uses. Annexed into the Village of Lemont, this land offers the benefits of a thriving community and convenient access to major transportation routes. The property is offered fee simple, providing complete ownership and control. The address is 11201 Archer Ave, Lemont, IL 60439, within Cook County. This is a rare opportunity to acquire a premier commercial site in a desirable location with significant development potential. The asking price is $750,000.

    Property Features for 11201 Archer Ave

    General Information

    Property type
    Land
    Lot Size
    95,832 SF

    HighLights

    • 2.2‑acre vacant parcel in Lemont, IL.
    • High‑visibility corner lot at Archer Ave. & Bell Rd., a lighted intersection with over 23,000 vehicles daily (IDOT).
    • B‑3 zoning allows for diverse commercial uses.
    • Located in the Village of Lemont, offering access to major transportation routes.
    • Fee simple ownership; asking price $750,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Pharmacy Auto Parts Store Department Store Kitchen & Bath Car Rental Cosmetics Store Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Lemont
    County
    Cook
    State
    Illinois
    Longitude
    -87.933069
    Latitude
    41.68414

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    FAQs

    What type of property is this?
    Land - Prime Commercial Corner Lot, High Traffic
    Where is this land located?
    The property is located at 11201 Archer Ave Lemont, IL.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 2.2-acre vacant parcel in Lemont, IL.; High-visibility corner lot at Archer Ave. & Bell Rd., a lighted intersection with over 23,000 vehicles daily (IDOT).; B-3 zoning allows for diverse commercial uses.
    Request Owner's contact information
    11201 Archer Ave Lemont, IL 60439
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    Lemont, IL 60439
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    Realmo Value Estimation

    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.

    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.

    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
    11201 Archer Ave Lemont, IL 60439
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