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    21220 Central Ave Matteson, IL 60443

    Sponsored
    For Sale
    Contact for pricing

    Prime I-57 Interchange Commercial Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 14.33-acre commercial and industrial land parcel presents a unique development opportunity in Matteson, Illinois. Located at 21220 Central Avenue, this strategically positioned site boasts unparalleled access to the full four-way I-57 interchange, ensuring exceptional visibility and convenient transportation links. The property's flexible zoning within unincorporated Matteson allows for a wide range of development possibilities, including build-to-suit projects and facility customization to meet specific business needs. The substantial lot size offers ample space for large-scale projects, and the potential for extensive trailer parking adds further appeal. Existing utilities are conveniently located adjacent to the site, simplifying infrastructure development. Furthermore, this property is eligible for Tax Increment Financing (TIF), potentially offering significant financial incentives for qualified projects. This prime location and flexible zoning make this 14.33-acre tract an ideal investment for developers seeking a high-impact commercial or industrial development opportunity in a rapidly growing area. The Cook County location provides access to a robust workforce and established infrastructure. Don't miss this chance to acquire a truly exceptional development site.

    Property Features for 21220 Central Ave

    General Information

    Property type
    Distribution properties
    Lot Size
    624,215 SF

    HighLights

    • 14.33‑acre land parcel for sale in Matteson, IL.
    • Located at 21220 Central Ave, Cook County, IL, 60443.
    • Flexible zoning in unincorporated Matteson allows for commercial and industrial uses, including truck terminals.
    • Prime location with proximity to I‑57 interchange.
    • Utilities are readily available.
    • Tax Increment Financing (TIF) eligible.
    Property Profile Location Intelligence

    Current Use by Public Records

    Truck terminals

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Matteson
    County
    Cook
    State
    Illinois
    Longitude
    -87.753235
    Latitude
    41.504971

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    FAQs

    What type of property is this?
    Distribution property - Prime I-57 Interchange Commercial Land
    Where is this distribution property located?
    The property is located at 21220 Central Ave Matteson, IL.
    What are key features of this property?
    This property features: 14.33-acre land parcel for sale in Matteson, IL.; Located at 21220 Central Ave, Cook County, IL, 60443.; Flexible zoning in unincorporated Matteson allows for commercial and industrial uses, including truck terminals.
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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
    21220 Central Ave Matteson, IL 60443
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