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    14800 Dixie Hwy Harvey, IL 60426

    Sponsored
    For Sale
    $1,950,000

    7.3 Acres, High Traffic, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 7.3-acre commercial land parcel is strategically located at the intersection of 147th Street and Dixie Highway in Harvey, Illinois (zip code 60426), a high-traffic area boasting over 43,300 vehicles per day. Its prime location offers unparalleled visibility, enhanced by its proximity to I-57, resulting in exposure to an estimated 106,000 vehicles daily. The property benefits from recent significant developments, including a new Burger King drive-thru and a Castle Car Wash, scheduled to open in the fall of 2022. Furthermore, the site's development potential is amplified by the presence of a new four-million-square-foot Amazon center located just 1.5 miles south. This presents a unique opportunity for investors and developers seeking a high-visibility location with strong existing infrastructure and significant future growth potential. The asking price for this exceptional property is $1,950,000. Cook County location.

    Property Features for 14800 Dixie Hwy

    General Information

    Property type
    Land
    Lot Size
    317,988 SF

    HighLights

    • 7.3‑acre development site available.
    • High I‑57 visibility.
    • Excellent location.
    • New 4M SF Amazon facility 1.5 miles south.
    • Castle Car Wash and Burger King opening Fall 2022.
    • 43,300 vehicles pass daily.
    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
    Harvey
    County
    Cook
    State
    Illinois
    Longitude
    -87.67418700753
    Latitude
    41.620906064328

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    FAQs

    What type of property is this?
    Land - 7.3 Acres, High Traffic, Development Ready
    Where is this land located?
    The property is located at 14800 Dixie Hwy Harvey, IL.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: 7.3-acre development site available.; High I-57 visibility.; Excellent location.
    Request Owner's contact information
    14800 Dixie Hwy Harvey, IL 60426
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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
    14800 Dixie Hwy Harvey, IL 60426
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