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    11380 179Th St Mokena, IL 60448

    For Sale
    $699,950

    1.9 Acres, Excellent Redevelopment Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1.9-acre commercial land parcel presents a compelling redevelopment opportunity in a thriving Mokena, Illinois location. Boasting 224 feet of frontage on West 179th Street, just west of Wolf Road, this property offers significant visibility and accessibility. The site is situated in an area experiencing substantial growth, with a new Aldi supermarket under construction directly adjacent to the west. Additional acreage is available for assemblage, creating potential for a larger-scale development. The property's strategic location places it in close proximity to established businesses such as Jewel, McDonald's, Walgreens, and PNC Bank, all situated at the highly trafficked intersection of 179th Street and Wolf Road. This prime location offers diverse development possibilities, including senior housing, retail spaces, or office buildings. Currently zoned E-1, the property is favorably positioned for potential zoning changes, given Orland Park's openness to such modifications. The property's convenience is further enhanced by its proximity to the 179th Street Metra Station. While the mailing address is Mokena, the property falls under Orland Park's jurisdiction. Note that the property includes an existing residence, pool, and oversized garage in good condition, adding further value to the land and its strategic location. The approximate land area is 86,688 square feet. The asking price is $699,950. The APN is 27312020080000.

    Property Features for 11380 179Th St

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • Asking Price: $699,950
    • 1.91‑acre commercial land parcel in Cook County, IL
    • 83,688 square feet lot with 224 feet of frontage on 179th Street
    • E‑1 zoning, with potential for rezoning in Orland Park.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mokena
    County
    Cook
    State
    Illinois
    Longitude
    -87.8844309
    Latitude
    41.5318621

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    FAQs

    What type of property is this?
    Land - 1.9 Acres, Excellent Redevelopment Potential
    Where is this land located?
    The property is located at 11380 179Th St Mokena, IL.
    What is the asking price?
    The asking price for this property is $699,950.
    What are key features of this property?
    This property features: Asking Price: $699,950; 1.91-acre commercial land parcel in Cook County, IL; 83,688 square feet lot with 224 feet of frontage on 179th Street
    (630) 202-7098
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    11380 179Th St Mokena, IL 60448
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    Mokena, IL 60448
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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
    11380 179Th St Mokena, IL 60448
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