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    4435 Harlem Ave Norridge, IL 60706

    Sponsored
    For Sale
    $790,000

    Prime Norridge corner lot, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 7,162 square foot commercial land parcel presents a remarkable investment opportunity in the thriving village of Norridge, Illinois. Strategically located on the hard corner of Harlem Avenue (IL Route 43) and Agatite Avenue, this property boasts 58 feet of frontage on the bustling Harlem Avenue, ensuring exceptional visibility and accessibility. The site benefits from a daily traffic count of 29,945 vehicles, guaranteeing a steady flow of potential customers. Zoned B-1, this versatile lot is ideally suited for a wide range of commercial developments, including retail spaces, office buildings, medical facilities, restaurants, or fitness centers. All utilities are readily available on-site, simplifying the development process. The property's prime location within a mixed-use commercial corridor, coupled with its proximity to residential areas and major retailers such as Harlem Irving Mall, Norridge Commons Mall, Nordstrom Rack, Kohl's, and numerous restaurants and boutiques, ensures high potential for a strong return on investment. Excellent access to public transportation further enhances its appeal. The 2021 real estate taxes were $1,553. This is a perfect opportunity for developers and investors seeking a high-visibility location in a vibrant and growing community. Don't miss this chance to acquire a prime piece of commercial real estate in a highly desirable area. The property is located in Cook County, Illinois, with a zip code of 60706.

    Property Features for 4435 Harlem Ave

    General Information

    Property type
    Land

    HighLights

    • 7,162 SF land parcel
    • 58' frontage on high‑visibility corner of Harlem & Agatite Aves
    • All utilities available
    • Convenient public transportation access
    • Strong retail trade area including Harlem Irving & Norridge Commons Malls, national retailers, and diverse restaurants
    • 29,945 VPD
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Norridge
    County
    Cook
    State
    Illinois
    Longitude
    -87.8070684
    Latitude
    41.9621292

    Nearby Comparable

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      7701-7757 Lawrence Ave, Norridge, IL 60706

      Commercial real estate • 47,792 SF
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      View Details

    FAQs

    What type of property is this?
    Land - Prime Norridge corner lot, high traffic.
    Where is this land located?
    The property is located at 4435 Harlem Ave Norridge, IL.
    What is the asking price?
    The asking price for this property is $790,000.
    What are key features of this property?
    This property features: 7,162 SF land parcel; 58' frontage on high-visibility corner of Harlem & Agatite Aves; All utilities available
    (312) 338-3003
    Request Owner's contact information
    4435 Harlem Ave Norridge, IL 60706
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    Norridge, IL 60706
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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
    4435 Harlem Ave Norridge, IL 60706
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