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    2880 48Th Pl Chicago, IL 60632

    Sponsored
    For Sale
    $800,000

    Prime Chicago industrial land, M2-3 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 15,345-acre industrial land parcel presents a significant investment opportunity in Chicago's vibrant commercial district. Located at 2880 W 48th Pl, Chicago, IL 60632 (Cook County, APN 19121010530000), this property boasts versatile M2-3 zoning, opening doors to a wide range of development possibilities. The expansive lot size offers unparalleled potential for large-scale industrial projects, warehousing, manufacturing, or other compatible uses. Its strategic location within a thriving commercial area ensures excellent access to transportation networks, infrastructure, and a skilled workforce. The asking price for this substantial land holding is $800,000. This represents a rare chance to acquire a significant asset in a prime location, poised for substantial future growth and return on investment. Don't miss this opportunity to secure a valuable piece of Chicago's industrial landscape. Contact us today to learn more and explore the possibilities.

    Property Features for 2880 48Th Pl

    General Information

    Property type
    Land
    Lot Size
    668,428,200 SF

    HighLights

    • Prime commercial district location with versatile M2 zoning.
    • Excellent investment opportunity for portfolio expansion or new ventures.
    • High‑potential property offering significant future value.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.696746631394
    Latitude
    41.805558240279

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    FAQs

    What type of property is this?
    Land - Prime Chicago industrial land, M2-3 zoning.
    Where is this land located?
    The property is located at 2880 48Th Pl Chicago, IL.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: Prime commercial district location with versatile M2 zoning.; Excellent investment opportunity for portfolio expansion or new ventures.; High-potential property offering significant future value.
    Request Owner's contact information
    2880 48Th Pl Chicago, IL 60632
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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
    2880 48Th Pl Chicago, IL 60632
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