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    135th St & Archer Ave Lemont, IL 60439

    For Sale
    $1,636,767

    Prime Commercial Land, R-1 & C-1 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 16.7-acre parcel of land, located at the intersection of 135th Street and Archer Avenue in Lemont, Illinois (zip code 60439), presents a unique investment opportunity. The property boasts a combination of R-1 and C-1 zoning, offering flexibility for a variety of development projects. The R-1 zoning allows for single-family residential development, envisioned in the Comprehensive Plan as 1.5-acre estate lots. The C-1 zoning along Archer Avenue is ideal for commercial ventures, such as a brewery or restaurant, capitalizing on the high traffic volume of approximately 15,249 vehicles per day along Archer Avenue. The property is situated in an affluent neighborhood, ensuring a desirable location for both residential and commercial developments. The 2023 real estate taxes, payable in 2024, are $16,520. The asking price for this significant land holding is $1,636,767. This property offers substantial potential for developers seeking to create a thriving community with a mix of residential and commercial uses. Its strategic location and zoning flexibility make it an attractive investment in a desirable area of Cook County, Illinois.

    Property Features for 135th St & Archer Ave

    General Information

    Property type
    Land
    Lot Size
    727,452 SF

    HighLights

    • ±16.7‑acre land parcel.
    • R‑1 and C‑1 zoning, with C‑1 along Archer Avenue.
    • Single‑family estate development (1.5‑acre lots) designated in the Comprehensive Plan.
    • Commercial zoning available along Archer Avenue.
    • Suitable for brewery or restaurant development.
    • High traffic count: 15,249 vehicles per day on Archer Avenue.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lemont
    County
    Cook
    State
    Illinois
    Longitude
    -88.0041338
    Latitude
    41.6408404

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, R-1 & C-1 Zoning
    Where is this land located?
    The property is located at 135th St & Archer Ave Lemont, IL.
    What is the asking price?
    The asking price for this property is $1,636,767.
    What are key features of this property?
    This property features: ±16.7-acre land parcel.; R-1 and C-1 zoning, with C-1 along Archer Avenue.; Single-family estate development (1.5-acre lots) designated in the Comprehensive Plan.
    Request Owner's contact information
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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
    135th St & Archer Ave Lemont, IL 60439
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