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    Division St Crest Hill, IL 60403

    Sponsored
    For Sale
    $695,000

    1.4-acre corner lot, ideal for business.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.4-acre commercial lot is situated on the highly visible corner of Division Street and Enterprise Street in Crest Hill, Illinois, zip code 60403. Boasting a B-3 zoning designation, this property presents a remarkable opportunity for a wide range of commercial ventures. The land, totaling 69,696 square feet, is ready for immediate development, eliminating lengthy permitting delays. Its strategic location benefits from significant traffic volume and proximity to major employers, including Amazon, Rich Foods, and Old Dominion, providing access to a substantial workforce of approximately 3,000 employees. The asking price for this prime commercial land is $695,000. This represents a compelling investment opportunity in a thriving area with strong potential for growth and return. The property is privately owned and offers unparalleled visibility and accessibility, making it an ideal location for businesses seeking to establish a strong presence in the Crest Hill market. The lot's size and zoning provide ample flexibility for various commercial developments, catering to a diverse range of business needs. Don't miss this chance to acquire a highly desirable commercial property in a prime location.

    Property Features for 0 Division St

    General Information

    Property type
    Land

    HighLights

    • High‑visibility corner lot at the intersection of Division and Enterprise Streets.
    • Excellent traffic counts, proximate to major employers including Amazon (approx. 3000 employees), Rich Foods, and Old Dominion Freight Line.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Crest Hill
    County
    Will
    State
    Illinois
    Longitude
    -88.131060108057
    Latitude
    41.58048472533

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    FAQs

    What type of property is this?
    Land - 1.4-acre corner lot, ideal for business.
    Where is this land located?
    The property is located at Division St Crest Hill, IL.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: High-visibility corner lot at the intersection of Division and Enterprise Streets.; Excellent traffic counts, proximate to major employers including Amazon (approx. 3000 employees), Rich Foods, and Old Dominion Freight Line.;
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    Division St Crest Hill, IL 60403
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    Crest Hill, IL 60403
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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
    Division St Crest Hill, IL 60403
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