Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    560 Homan Ave Matteson, IL 60443

    Sponsored
    For Sale
    $450,000

    Prime Residential Development Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5.75-acre lot, located at 560 S Homan Ave, Matteson, IL 60443 (APN: 31-23-411-018-0000), presents a unique opportunity for residential development. Situated in Cook County, Illinois, this property boasts a convenient location bordering Park Forest. The land is currently zoned R-2, opening possibilities for various residential projects. The asking price is $450,000, and seller financing may be available, making this an attractive investment. The expansive lot size provides ample space for a substantial development, catering to a range of residential needs. Its prime location offers easy access to local amenities and transportation networks, enhancing its appeal to potential buyers and residents. This is a rare opportunity to acquire a significant parcel of land in a desirable area, ideal for developers seeking to capitalize on the growing demand for residential properties. The property's R-2 zoning designation provides flexibility in development plans, allowing for a variety of residential construction options. Serious inquiries are encouraged to explore the potential of this exceptional development opportunity. Detailed zoning information and development guidelines are readily available upon request.

    Property Features for 560 Homan Ave

    General Information

    Property type
    Land
    Lot Size
    250,470 SF

    HighLights

    • Seller financing considered.
    • R‑2 zoned development land.
    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 Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Matteson
    County
    Cook
    State
    Illinois
    Longitude
    -87.698412952988
    Latitude
    41.501451810233

    Nearby Comparable

    • $450,000

      Commercial Land at Signalized Intersection

      Land with high traffic, development potential, near Metra station.
      3601-3611 W Lincoln Hwy, Matteson, IL 60443
      View Details
    • $750,000
      1.00 Acre

      Prime Retail Pad, Olympia Fields

      High-traffic location, owner financing available.
      21000 Olympian Way, Olympia Fields, IL 60461
      View Details
    • $500,000
      1.00 Acre

      Olympia Fields Retail Pad - $500K

      Prime Retail Land, High Traffic Area
      21000 Olympian Way, Olympia Fields, IL 60461
      View Details
    • $1,000,000
      1.20 Acres

      Olympia Fields Retail Investment

      High-traffic retail pad, excellent location.
      21000 Olympian Way, Olympia Fields, IL 60461
      View Details
    • $1,100,000
      7.13 Acres

      Olympian Way Multifamily Investment

      High-traffic, multifamily opportunity in Olympia Fields, IL.
      21000 Olympian Way, Olympia Fields, IL 60461
      View Details
    • Contact for pricing
      6,530 SF

      Matteson Automotive Property and Business

      Turn-key automotive property and business opportunity in Matteson, Illinois.
      3627 216Th St, Matteson, IL 60443
      View Details
    • 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
    • $469,000
      22,523 SF

      Matteson Multi-Tenant Office Building

      Multi-tenant office building on 2.62 acres in Matteson, IL.
      21141 Governors Hwy, Matteson, IL 60443
      View Details
    • Contact for pricing

      9.8 Acres Developable Land

      9.8 acres of developable land zoned MXD.
      19949 W Stoller St, Matteson, IL
      View Details
    • $6,750,000
      123,600 SF

      Park Forest Industrial Redevelopment

      123,600 SF, 7.5 Acres, Value-Add Opportunity
      80 North St, Park Forest, IL 60466
      View Details
    • $250,000

      Prime Commercial Land, Olympia Fields

      1.05-acre commercial parcel in high-traffic area, shovel-ready.
      20920 Governors Hwy, Olympia Fields, IL 60461
      View Details
    • $6,750,000
      123,600 SF

      Park Forest Warehouse/Manufacturing Opportunity

      123,000 SF warehouse/manufacturing, office and industrial business park.
      80-90 North St, Park Forest, IL 60466
      View Details

    Nearby Similar for Sale

    • $129,000

      Matteson Income Property Opportunity

      Two-unit building on oversized lot, ideal for investors.
      21829 Richton Rd, Matteson, IL 60443
      View Details
    • Contact for pricing
      6,530 SF

      Matteson Automotive Property and Business

      Turn-key automotive property and business opportunity in Matteson, Illinois.
      3627 216Th St, Matteson, IL 60443
      View Details
    • $299,000

      Updated Split-Level Townhome

      Updated townhome with open layout, modern finishes, and versatile spaces.
      21334 Knightbridge Ct, Matteson, IL 60443
      View Details
    • $6,385,000
      36,646 SF

      Renovated Retail Space with Planet Fitness

      Retail property with long-term leases and rent growth potential.
      20909-20939 S Cicero Ave, Matteson, IL 60443
      View Details
    • $80,000

      Spacious Mobile Home in Gated Community

      Mobile home with garage, shed, and community amenities.
      746 Chapparel Ter, Matteson, IL 60443
      View Details
    • $469,000
      22,523 SF

      Matteson Multi-Tenant Office Building

      Multi-tenant office building on 2.62 acres in Matteson, IL.
      21141 Governors Hwy, Matteson, IL 60443
      View Details
    • $350,000
      2,281 SF

      New Townhome with Full Basement

      Move-in ready 3 bed, 2.5 bath townhome with 2-car garage.
      985 Regent Dr, Matteson, IL 60443
      View Details
    • $1,400,000
      2,200 SF

      Retail Property on Cicero Avenue

      Retail property for sale with 2,200 square feet.
      20602 S Cicero Ave, Matteson, IL 60443
      View Details
    • $775,000
      7,731 SF

      Matteson Retail Center Investment Opportunity

      High-traffic retail site, flexible options.
      300 Town Center Rd, Matteson, IL 60443
      View Details

    FAQs

    What type of property is this?
    Land - Prime Residential Development Land
    Where is this land located?
    The property is located at 560 Homan Ave Matteson, IL.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Seller financing considered.; R-2 zoned development land.;
    Request Owner's contact information
    560 Homan Ave Matteson, IL 60443
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    560 Homan Ave
    Matteson, IL 60443
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    560 Homan Ave Matteson, IL 60443
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.