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    4840 171St St Tinley Park, IL 60478

    Sponsored
    For Sale
    $867,500

    3.16 Acres, Tinley Park, IL - $867,500

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 3.16-acre commercial land parcel presents a unique development opportunity in Tinley Park, Illinois, situated at the strategic intersection of I-57 and I-80. Zoned unincorporated Cook County, this property boasts significant potential for various uses, including truck parking, a gas station or truck stop with gaming, or a gravel lot requiring no immediate improvements. The site is serviced by either a well and septic system or offers the option of annexation into Country Club Hills. Future infrastructure improvements are planned, including a new stoplight at the corner of 171st Street and Cicero Avenue, enhancing visibility and accessibility. This location benefits from its designation as an Opportunity Zone, providing potential tax advantages for investors. Additionally, Class 8 incentives are available, further enhancing the financial attractiveness of this development opportunity. The property's APN is 28-28-408-007

    Property Features for 4840 171St St

    General Information

    Property type
    Land
    Lot Size
    137,650 SF

    HighLights

    • Ample truck parking available.
    • Development approved for gas station/truck stop with gaming amenities.
    • Gravel lot permitted; no site improvements needed.
    • Water & sewer via well/septic or city annexation (Country Club Hills).
    • Planned traffic signal at 171st & Cicero intersection.
    • Situated in a designated Opportunity Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tinley Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.733883
    Latitude
    41.579339

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    FAQs

    What type of property is this?
    Land - 3.16 Acres, Tinley Park, IL - $867,500
    Where is this land located?
    The property is located at 4840 171St St Tinley Park, IL.
    What is the asking price?
    The asking price for this property is $867,500.
    What are key features of this property?
    This property features: Ample truck parking available.; Development approved for gas station/truck stop with gaming amenities.; Gravel lot permitted; no site improvements needed.
    (708) 289-8912
    Request Owner's contact information
    4840 171St St Tinley Park, IL 60478
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    Tinley Park, IL 60478
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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
    4840 171St St Tinley Park, IL 60478
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