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    16901 Midlothian Tpke Midlothian, VA 23113

    For Sale
    $350,000

    Prime 0.55-acre lot, high traffic location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 0.55-acre commercial land parcel presents a rare opportunity in the vibrant Logan Square neighborhood of Cook County. Located at 3575 W Fullerton, this single-tenant site boasts a hard signalized corner, ensuring high visibility and accessibility. The property offers significant frontage on Fullerton Avenue, a major thoroughfare with a daily traffic volume exceeding 22,700 vehicles. Its strategic position places it within walking distance of the bustling Milwaukee Avenue retail corridor, providing immediate access to a dense concentration of consumers. The site is surrounded by a substantial residential population, with over 500,000 people residing within a three-mile radius, creating a robust potential customer base. The property is available for ground lease or build-to-suit options, offering flexibility to accommodate a variety of development plans. With a total building square footage potential of 23,958 square feet, this site is ideal for businesses seeking a prominent location in a rapidly growing area. This is a truly unique opportunity to establish a presence in one of Chicago's most dynamic and desirable neighborhoods. The property is zoned for commercial use (verification required). Don't miss this chance to secure a prime location in Logan Square.

    Property Features for 16901 Midlothian Tpke

    General Information

    Property type
    Land
    Lot Size
    174,240 SF

    HighLights

    • 0.55‑acre commercial land parcel available for ground lease or build‑to‑suit.
    • Rarely available land site at a hard‑signalized corner in Logan Square.
    • Fullerton Avenue frontage with 22,700 vehicles per day.
    • High‑density location with over 500,000 people within a 3‑mile radius.
    • Excellent walkability to Milwaukee Avenue's retail corridor.
    • Across the street from Tony's Fresh Market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Building Supply Auto Repair Shop Gym & Fitness Kitchen & Bath Grocery Store Department Store Garden Center Furniture Store Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Midlothian
    County
    Chesterfield
    State
    Virginia
    Longitude
    -77.718528
    Latitude
    37.503212

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    FAQs

    What type of property is this?
    Land - Prime 0.55-acre lot, high traffic location.
    Where is this land located?
    The property is located at 16901 Midlothian Tpke Midlothian, VA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 0.55-acre commercial land parcel available for ground lease or build-to-suit.; Rarely available land site at a hard-signalized corner in Logan Square.; Fullerton Avenue frontage with 22,700 vehicles per day.
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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
    16901 Midlothian Tpke Midlothian, VA 23113
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