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    9000 Belmont Ave River Grove, IL 60131

    Sponsored
    For Sale
    $1,000,000

    0.75-acre development site, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.75-acre commercial land parcel presents a prime development opportunity in Franklin Park, Illinois. Located at 9000 W Belmont Ave, this property boasts a highly desirable C-3 General Commercial District zoning, allowing for a wide range of retail uses. The site benefits from an enviable location at the intersection of W Belmont Avenue and River Road, experiencing substantial daily traffic volumes of 28,600 vehicles on Belmont and 27,700 vehicles on River Road. This high visibility ensures maximum exposure for any development. The property is situated in Cook County, Illinois, with utilities readily available on-site, simplifying the development process. Surrounding the property are numerous established businesses, including Chase, Walgreens, Starbucks, Subway, McDonald's, and many other national and local retailers, creating a thriving commercial environment. The affluent demographics within a 3-mile radius, with a population exceeding 175,000 and an average household income over $70,000, further enhance the investment potential. The property's Parcel Identification Number (PIN) is 12-22-402-083-0000. The asking price for this exceptional opportunity is $1,000,000, or a ground lease is available at $125,000 per year. 2019 property taxes were $70,648. This site is ideal for a variety of retail uses and represents a significant opportunity for growth and return on investment.

    Property Features for 9000 Belmont Ave

    General Information

    Property type
    Land
    Lot Size
    32,670 SF

    HighLights

    • 0.75‑acre commercial land parcel in prime Franklin Park, IL location.
    • High traffic counts: 28,600 VPD on W Belmont Ave and 27,700 VPD on River Road.
    • C‑3 General Commercial zoning.
    • Utilities available on‑site.
    • Cook County location, PIN 12‑22‑402‑083‑0000.
    • 2019 property taxes: $70,648.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    River Grove
    County
    Cook
    State
    Illinois
    Longitude
    -87.851581500846
    Latitude
    41.937226210748

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    FAQs

    What type of property is this?
    Land - 0.75-acre development site, high traffic.
    Where is this land located?
    The property is located at 9000 Belmont Ave River Grove, IL.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: 0.75-acre commercial land parcel in prime Franklin Park, IL location.; High traffic counts: 28,600 VPD on W Belmont Ave and 27,700 VPD on River Road.; C-3 General Commercial zoning.
    (847) 698-8269
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    9000 Belmont Ave River Grove, IL 60131
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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
    9000 Belmont Ave River Grove, IL 60131
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