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    8700 Ridgeland Ave Oak Lawn, IL 60453

    For Lease
    Contact for pricing

    Prime 0.5-acre lot, high traffic area.

    Lot size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 0.5-acre commercial land parcel presents a unique investment opportunity in Oak Lawn, Illinois. Located at the highly visible southwest corner of 87th Street and Ridgeland Avenue, this property boasts 210 feet of frontage, offering unparalleled exposure to a substantial daily traffic volume. The site is situated within a thriving commercial district, surrounded by established businesses such as Jewel Food Store, Dunkin' Donuts, Dollar Tree, and Athletico, ensuring consistent foot traffic and brand recognition. With a total buildable area of 3,000 square feet, this single-tenant lot is ideal for a variety of commercial ventures. The property's location in Cook County, within the Chicago submarket, provides easy access to major transportation routes and a large consumer base. Oak Lawn, a vibrant village with a population exceeding 58,000 (2020 Census), offers a strong local economy and a dense residential population, creating a robust market for commercial enterprises. This prime location and significant buildable space make this an exceptional opportunity for investors seeking high visibility and strong potential returns. The property's strategic placement within a major shopping and business district guarantees significant exposure and accessibility, making it an attractive proposition for a wide range of commercial uses. Don't miss this chance to secure a prominent location in a flourishing commercial area.

    Property Features for 8700 Ridgeland Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,000 SF

    Unit(s) available at that property

    Space
    8700 S Ridgeland Ave
    Size
    3,000 SF

    HighLights

    • Build‑to‑suit opportunity or ground lease available.
    • High‑traffic 5‑way intersection location.
    • 210 feet of street frontage.
    • Excellent visibility for maximum brand exposure.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Lawn
    County
    Cook
    State
    Illinois
    Longitude
    -87.7803137
    Latitude
    41.7333731

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    FAQs

    What type of property is this?
    Land - Prime 0.5-acre lot, high traffic area.
    Where is this land located?
    The property is located at 8700 Ridgeland Ave Oak Lawn, IL.
    What are key features of this property?
    This property features: Build-to-suit opportunity or ground lease available.; High-traffic 5-way intersection location.; 210 feet of street frontage.
    Request Owner's contact information
    8700 Ridgeland Ave Oak Lawn, IL 60453
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    Oak Lawn, IL 60453
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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
    8700 Ridgeland Ave Oak Lawn, IL 60453
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