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    3301 159Th St Markham, IL 60428

    Sponsored
    For Sale
    $1,525,000

    Prime Markham location, C1 zoned, 3.5 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 3.5-acre commercial land parcel in Markham, Illinois, presents a unique investment opportunity. Located at 3301 W. 159th St., this property is zoned C1 and boasts all utilities readily available on-site. The lot offers significant potential due to its strategic location, enjoying high visibility with a daily traffic count of 28,100 vehicles. Its proximity to major interstates I-57, I-294, and I-80 provides unparalleled access to regional transportation networks. The property is immediately available for development and benefits from Cook County's Tax Class 8 program. The parcel is clean and ready for immediate use. The land is offered at $1,525,000, with a land value of $10 per square foot. The seller is willing to consider dividing the parcel. This presents a rare chance to acquire a highly desirable commercial site in a thriving area of Cook County, Illinois, with excellent access and visibility. The 60428 zip code ensures easy access to a robust workforce and consumer base. This property is ideal for a variety of commercial uses, subject to zoning approvals.

    Property Features for 3301 159Th St

    General Information

    Property type
    Land
    Lot Size
    152,460 SF

    HighLights

    • ±3.5‑acre site (divisible).
    • C‑1 zoning.
    • All utilities available on‑site.
    • 28,100 daily traffic count.
    • Excellent access to I‑57, I‑294, and I‑80.
    • Ready for immediate occupancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Markham
    County
    Cook
    State
    Illinois
    Longitude
    -87.697506
    Latitude
    41.6004999

    Nearby Comparable

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    Nearby Similar for Sale

    • $949,500
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      Commercial Property - High Traffic Location

      Versatile commercial property in a prime, high-traffic location.
      2920 159Th St, Markham, IL 60428
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    • $150,000
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      Three-unit building on 0.91 acres near I-57.
      15742 Central Park Ave, Markham, IL 60428
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    • Contact for pricing
      5,066 SF

      Fully Occupied Retail Shopping Center

      5,066 SF retail center on busy Kedzie Avenue.
      3204 W 159Th St, Markham, IL 60428
      View Details
    • $516,000
      0.91 Acres

      Markham Industrial Land - 0.91 Acres

      Prime industrial land, high traffic, development potential.
      3710-3714 167Th St, Markham, IL 60428
      View Details
    • $150,000
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      Markham Light Industrial Building

      Spacious warehouse, office & storage. Great location!
      15550 Kedzie Ave, Markham, IL 60428
      View Details
    • $1,050,000
      5,066 SF

      Markham Shopping Center Investment

      High-traffic retail center, excellent ROI.
      3200 159Th St, Markham, IL 60428
      View Details
    • $949,500
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      Markham Commercial Property - High Traffic!

      Prime Markham location, 5400 sq ft, high traffic count.
      2920 159Th St, Markham, IL 60428
      View Details
    • $800,000
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      Markham Restaurant & Retail Space

      Prime Markham location, 2,832 SF, drive-thru available.
      2941 159Th St, Markham, IL 60428
      View Details
    • $1,050,000
      5,066 SF

      Markham Retail Center Investment

      High-traffic, fully occupied shopping center.
      3200 159Th St, Markham, IL 60428
      View Details

    FAQs

    What type of property is this?
    Land - Prime Markham location, C1 zoned, 3.5 acres.
    Where is this land located?
    The property is located at 3301 159Th St Markham, IL.
    What is the asking price?
    The asking price for this property is $1,525,000.
    What are key features of this property?
    This property features: ±3.5-acre site (divisible).; C-1 zoning.; All utilities available on-site.
    Request Owner's contact information
    3301 159Th St Markham, IL 60428
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    Markham, IL 60428
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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
    3301 159Th St Markham, IL 60428
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