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    21000 Olympian Way Olympia Fields, IL 60461

    For Sale
    $1,100,000

    High-traffic, multifamily opportunity in Olympia Fields, IL.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 7.13-acre multifamily property, located at 21000 Olympian Way in Olympia Fields, Illinois (zip code 60461), presents a compelling investment opportunity. Situated in Cook County, the property boasts a prime location at a four-way lighted intersection, directly east of the I-57 and US Hwy 30 interchange and I-57 exit ramps. Benefitting from high visibility and significant traffic counts (34,000 vehicles daily on US Hwy 30 and 66,300 on I-57), the property is strategically positioned between a CVS and Speedway, sandwiched between two thriving McDonald's restaurants. The property is zoned B-3 Commercial Service and Wholesale District, allowing for multifamily, self-storage, and retail development, per the Village's guidelines. The property's APN is 31-23-200-017, and its annual property taxes are $45,755. The asking price is $1,100,000, with owner financing and land banking options available. The property is served by Matteson Elementary School District 162 and Rich Township School District 227. This is a rare chance to acquire a high-traffic, multi-use property in a thriving location with excellent development potential. Further information is available upon request.

    Property Features for 21000 Olympian Way

    General Information

    Property type
    Multifamily properties
    Lot Size
    310,583 SF

    HighLights

    • Exceptional 7.13‑acre site between two McDonald's restaurants.
    • B‑3 Commercial zoning allowing multifamily, self‑storage, and retail.
    • Village approves multifamily, self‑storage, and retail development.
    • Owner financing and land banking options available.
    • High‑traffic 4‑way lighted intersection.
    • Prime location directly east of I‑57 and US Hwy 30 interchange and I‑57 exit ramps.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Olympia Fields
    County
    Cook
    State
    Illinois
    Longitude
    -87.701423
    Latitude
    41.507201

    Nearby Comparable

    • $750,000
      1.00 Acre

      Prime Retail Pad, Olympia Fields

      High-traffic location, owner financing available.
      21000 Olympian Way, Olympia Fields, IL 60461
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    • $500,000
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      Olympia Fields Retail Pad - $500K

      Prime Retail Land, High Traffic Area
      21000 Olympian Way, Olympia Fields, IL 60461
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    • $1,000,000
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      Olympia Fields Retail Investment

      High-traffic retail pad, excellent location.
      21000 Olympian Way, Olympia Fields, IL 60461
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    • Contact for pricing
      18,100 SF

      Lincoln Hwy Creative Office Space

      18,100 SF Multi-Tenant Office Building
      3612 Lincoln Hwy, Olympia Fields, IL 60461
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    • $450,000

      Commercial Land at Signalized Intersection

      Land with high traffic, development potential, near Metra station.
      3601-3611 W Lincoln Hwy, Matteson, IL 60443
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    • $450,000
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      Matteson Land: 5.75 Acres

      Prime Residential Development Land
      560 Homan Ave, Matteson, IL 60443
      View Details

    Nearby Similar for Sale

    • $750,000
      5,560 SF

      Olympia Fields Retail Redevelopment

      1.86-acre vacant bank, redevelopment opportunity.
      20900 Western Ave, Olympia Fields, IL 60461
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    • Contact for pricing
      18,100 SF

      Lincoln Hwy Creative Office Space

      18,100 SF Multi-Tenant Office Building
      3612 Lincoln Hwy, Olympia Fields, IL 60461
      View Details

    FAQs

    What type of property is this?
    Multifamily property - High-traffic, multifamily opportunity in Olympia Fields, IL.
    Where is this multifamily property located?
    The property is located at 21000 Olympian Way Olympia Fields, IL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Exceptional 7.13-acre site between two McDonald's restaurants.; B-3 Commercial zoning allowing multifamily, self-storage, and retail.; Village approves multifamily, self-storage, and retail development.
    Request Owner's contact information
    21000 Olympian Way Olympia Fields, IL 60461
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    Olympia Fields, IL 60461
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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
    21000 Olympian Way Olympia Fields, IL 60461
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