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    18230 Oak Park Ave Tinley Park, IL 60477

    Sponsored
    For Sale
    $375,000

    Prime Commercial Lot, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional .65-acre commercial land parcel presents a unique investment opportunity in the thriving Tinley Park market. Located at 18230 Oak Park Avenue, this property boasts a highly desirable location with excellent visibility and accessibility. The lot is zoned for Commercial and Neighborhood Flex uses under Tinley Park's Legacy Code, allowing for a variety of development possibilities, including commercial, office, and mixed-use buildings. The Village of Tinley Park is receptive to proposals aligning with these zoning designations. All utilities are readily available at the site, simplifying the development process. Strategically situated minutes from major interstates I-80, I-57, and I-355, this location ensures convenient access for both employees and customers. Detailed permitted and special use information is available upon request. The property benefits from significant traffic counts, with over 27,200 vehicles daily passing the intersection of 183rd Street and Oak Park Avenue, providing substantial exposure for any commercial venture. The APN is 28313070190000. The asking price for this prime commercial land is $375,000. Don't miss this chance to acquire a highly sought-after commercial property in a rapidly growing area. Contact us today to learn more and explore the potential of this exceptional investment.

    Property Features for 18230 Oak Park Ave

    General Information

    Property type
    Land
    Lot Size
    21,780 SF

    HighLights

    • $375,000 asking price.
    • .65‑acre commercial land parcel.
    • Located at 18230 Oak Park Ave, Tinley Park, IL 60477 (APN 28313070190000).
    • Zoned Commercial, NF; Mixed‑use development possibilities.
    • Utilities available on‑site; Excellent location near I‑80, I‑57, and I‑355.
    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
    Tinley Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.784485
    Latitude
    41.559579

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    FAQs

    What type of property is this?
    Land - Prime Commercial Lot, High Traffic Area
    Where is this land located?
    The property is located at 18230 Oak Park Ave Tinley Park, IL.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: $375,000 asking price.; .65-acre commercial land parcel.; Located at 18230 Oak Park Ave, Tinley Park, IL 60477 (APN 28313070190000).
    Request Owner's contact information
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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
    18230 Oak Park Ave Tinley Park, IL 60477
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